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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10010308561
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10008856384
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Incomplete markets and parental investments in children
Abbott, Brant - 2021 - This draft: February 10, 2021
The effect of incomplete markets on parental investments is investigated. Uninsured risk and credit constraints can distort the timing of parental investments, causing them to be delayed relative to what would occur under full-insurance. Age-dependent subsidies, taxes or transfers can all...
Persistent link: https://www.econbiz.de/10012429690
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Learning by Doing and Ben-Porath : Life-cycle Predictions and Policy Implications
Blandin, Adam - 2021
Many government policies affect incentives to acquire human capital. Two workhorse models dominate the literature analyzing these policies: Learning by Doing (LBD) and Ben-Porath (BP). This paper makes two novel findings related to these models. First, LBD and BP generate different predictions...
Persistent link: https://www.econbiz.de/10013246209
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A theory of socioeconomic disparities in health over the life cycle
Galama, Titus J.; Van Kippersluis, Hans - 2010
Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a suffciently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that...
Persistent link: https://www.econbiz.de/10011381036
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Educational inequality and the returns to skills
Lundberg, Shelly - 2013
Research and policy discussion about the diverging fortunes of children from advantaged and disadvantaged households have focused on the skill disparities between these children – how they might arise and how they might be remediated. Analysis of data from the National Longitudinal Study of...
Persistent link: https://www.econbiz.de/10010125884
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A Theory of Socioeconomic Disparities in Health over the Life Cycle
Galama, Titus J.; van Kippersluis, Hans - 2010
Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a suffciently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that...
Persistent link: https://www.econbiz.de/10010325639
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An explanation of international differences in education and workplace training
Brunello, Giorgio; Medio, Alfredo - 2000
We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with …
Persistent link: https://www.econbiz.de/10011325670
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Mortality, Fertility, Education and Capital Accumulation in a Simple OLG Economy
Ludwig, Alexander - 2009
calibrated version we and that education always increases if life expectancy rises but the effect on the capital stock is still … potentially offsetting effects at work in models with endogenous education and overlapping generations which is key for …
Persistent link: https://www.econbiz.de/10013157453
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Formal Education and Public Knowledge
Iacopetta, Maurizio - 2014
acquiring a formal education, producing final goods, and innovating. The paper has two objectives: (i) uncovering the … macroeconomic circumstances that favored the rise of formal education; (ii) to reconcile the remarkable growth of the education … Lucas (1998), would attribute the arrival of education to the diminishing marginal productivity of physical capital …
Persistent link: https://www.econbiz.de/10013040132