Wang, Yong; Stark, Oded - Zentrum für Entwicklungsforschung (ZEF), Rheinische … - 2002
We propose a new microeconomic explanation for the divergent experiences of economies in forming human capital. We … suggest that the positive effect of a longer life expectancy on human capital formation arises from two separate effects: a … generations and the associated parental support can affect the marginal cost of human capital formation and hence its level …