Dynamic Models Of Human Capital Accumulation
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'Ability' and 'training' Over the Life Cycle
Author | : Mark R. Killingsworth |
Publisher | : |
Total Pages | : 58 |
Release | : 1976 |
Genre | : Employees |
ISBN | : |
The Subsidy to Human Capital Accumulation in an Endogenous Growth Model
Author | : Jaime Alonso-Carrera |
Publisher | : |
Total Pages | : 0 |
Release | : 2000 |
Genre | : |
ISBN | : |
This paper analyzes both the growth and the dynamic effects of the subsidy to human capital investment in a two-sector endogenous growth model. We show that the subsidy is growth-increasing, and it determines the dynamic behavior of the physical and human capital variables. Moreover, the economy reacts instantaneously to unanticipated changes in the subsidy rate. We prove that the jolt caused by the marginal introduction of the subsidy depends on whether the inverse of the elasticity of intertemporal substitution in consumption is larger than the elasticity of marginal productivity of labor with respect to physical capital.
Perpetual Growth in an Aggregative Model with Endogenous Human Capital Accumulation
Author | : Công Nghê Truong |
Publisher | : |
Total Pages | : 52 |
Release | : 1995 |
Genre | : Economic development |
ISBN | : |
The Uzawa-Lucas Endogenous Growth Model
Author | : Paolo Mattana |
Publisher | : Routledge |
Total Pages | : 183 |
Release | : 2017-11-30 |
Genre | : Business & Economics |
ISBN | : 1351144944 |
Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution on the 'Mechanics of Economic Growth' Lucas suggested that human capital is the key variable through which technical change is most likely to occur and (by taking some initial intuitions of Uzawa a step further) proposed a two-sector capital accumulation growth model where human capital is allowed to enter a neo-classical-style production structure in multiplicative terms. In this book Paolo Mattana fully explores the dynamic possibilities of the model from both the market and the centralized perspective. A critical evaluation of the inefficiency in the market economy is also provided.