منابع مشابه
Human capital and growth cycles
This paper studies the dynamic interaction between human capital accumulation and economic growth. Capital market imperfections and an indivisibility in human capital investment prevent poor agents from accumulating skills, the acquisition of which positively affects technological progress. More productive technologies in turn requiremore sophisticated qualificatio and involve higher training c...
متن کاملHuman Capital, Aggregation, and Growth
The famous Mincer equation regressing log earnings on years of schooling is derived from a linear human capital accumulation equation at the individual level. Even if the cross-sectional Mincer equation holds at the level of individuals, it does not hold at the macro level of countries because aggregation of human capital has to take into account its vintage structure: human capital is embodied...
متن کاملCommentary: Human Capital and Economic Growth
Most of us in this room-I dare say most adult Americans-were challenged as children to "make something of ourselves," specifically to "get an education." The fervor of the plea in my own case may have been a bit unusual-you see, unlike Senator Joe Biden, I am the first in my immediate family to get a college education. But I doubt very many haven't heard somewhere along the way the clarion call...
متن کاملHuman Capital Demographic Transition and Economic Growth
This paper extends the literature on economic growth and demographic change by developing a neo-classical model of endogenous growth in which both economic and demographic outcomes are jointly determined. The key point in this model is the endogenisation of child mortality rate by linking it to parents’ human capital, defined in a broad sense to include both education and health. The numerical ...
متن کاملHuman Capital, Ideas, and Economic Growth
This paper presents a simple model of human capital, ideas, and economic growth that integrates contributions from several different strands of the growth literature. The model generates a regression specification that is very similar to that employed by Mankiw, Romer and Weil (1992), but the economics underlying the specification is very different. In particular, the model emphasizes the impor...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.262332