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elasticity of the human capital investment function is strictly increasing …
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people seems to decrease private savings, diminish capital accumulation, and lower the growth of per capita incomes. The … extend this model to examine the effects of a savings subsidisation system on the rate of per capita income growth, fertility …. Moreover, children care about the consumption levels of their parents. An increase in contributions to a savings subsidised …
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second best not to distort education if the human capital investment function is isoelastic. If the function is not …
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