This paper formally describes the Human Capital Theory as a Research Programme that fits into the classical economic Research Programmes. The fundamental ¿hard core¿ assumption which converts the Human Capital Theory into a Research Programme itself in Lakatosian terms is based upon the...

This paper investigates the implications of major ¯nancial markets crises for the human capital accumulation decisions of households. We use data for Argentinean households over the period 1995-2002 to examine households' response to negative idiosyncratic income shocks in di®erent...

This paper is a study of the health of young people in Uruguay. The empirical work is based on the “Health and Social Networks” survey carried out by the Department of Economics of the Social Sciences Faculty, in agreement with the National Youth Institute, in 2004. Using an ordered probit,...

We construct a simple model of education and growth in which young adults (children) spend a fraction of their time and old adults (parents) spend a fraction of their income on education. Both a strategic complementarity and an intergener- ational externality in the creation of human capital are...

The purpose of the paper is to model the process of rule generation by firms that must allocate their resources between physical assets, training, and R&D, and to study the microeconomic performances as well as the aggregate outcomes. The framework is a complete micro-macroeconomic...