Swanson, Charles E; Kopecky, Kenneth J - In: Economic Inquiry 37 (1999) 2, pp. 213-25
This paper develops a finite-lifetime continuous-time model of human capital acquisition. Exogenous technological progress has two aspects, a knowledge frontier and an ease-of-learning parameter. The authors find that as lifespan increases: (1) output per person-hour rises in a concave fashion...