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We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income … from workers to capitalists. Further, the overall effect of an increase in education depends on the actual characteristics …
Persistent link: https://www.econbiz.de/10011596523
Human capital is the most important factor of production in today's economies - and education is an investment that …
Persistent link: https://www.econbiz.de/10014063167
This paper analyzes the conditions under which, within a two-sector endogenous growth model with human and physical capital accumulation but without R&D-driven disembodied technological progress, we can observe an ambiguous effect of population growth on economic growth, as empirical evidence...
Persistent link: https://www.econbiz.de/10014195856
Education is added to the standard Neoclassical growth model by calibrating a human capital technology to the empirical …
Persistent link: https://www.econbiz.de/10014141008
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10008809945
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate R&D-based growth into a unified growth setup with micro-founded fertility and schooling...
Persistent link: https://www.econbiz.de/10009675344
estimate selection-corrected place effects on education for children of Black migrants. On average, Black children gained 0 …
Persistent link: https://www.econbiz.de/10013278874
estimate selection-corrected place effects on education for children of Black migrants. On average, Black children gained 0 …
Persistent link: https://www.econbiz.de/10014229408
Persistent link: https://www.econbiz.de/10003691186
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10010352611