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Ageing and Growth in the Small Open Economy

Heijdra, Ben J.; Romp, Ward E. - CESifo - 2006

We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...

Persistent link: https://www.econbiz.de/10005094204

Fiscal Federalism and Economic Growth

Brueckner, Jan K. - CESifo - 2005

This paper uses an endogenous-growth model with overlapping generations to explore the connection between fiscal federalism and economic growth. The analysis shows that federalism, which allows public-good levels to be tailored to suit the differing demands of young and old consumers, who live...

Persistent link: https://www.econbiz.de/10005765845

Immigration, Fertility, and Human Capital: A Model of Economic Decline of the West

Azarnert, Leonid V. - CESifo - 2010

I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous low-skilled workers lose from unskilled...

Persistent link: https://www.econbiz.de/10008583706

Guest-Worker Migration, Human Capital and Fertility

Azarnert, Leonid V. - CESifo - 2011

This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a low-skilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...

Persistent link: https://www.econbiz.de/10009020797

The Trade-off between Fertility and Education: Evidence from before the Demographic Transition

Becker, Sascha O.; Cinnirella, Francesco; Woessmann, Ludger - CESifo - 2009

The trade-off between child quantity and education is a crucial ingredient of unified growth models that explain the transition from Malthusian stagnation to modern growth. We present first evidence that such a trade-off indeed existed before the demographic transition, exploiting a unique...

Persistent link: https://www.econbiz.de/10008534051

Social Interactions and Schooling Decisions

Lalive, Rafael; Cattaneo, Alejandra - CESifo - 2006

The aim of this paper is to study whether schooling choices are affected by social interactions. Such social … eligible children tend to attend school more frequently, (ii) but also the ineligible children acquire more schooling when the …

Persistent link: https://www.econbiz.de/10005196320

Globalization, Gender and Development: The Effect of Parental Labor Supply on Child Schooling

Marchand, Beyza Ural; Rees, Ray; Riezman, Raymond - CESifo - 2011

affect child schooling by focusing on young school-age children who are otherwise not active in the labor market. Using micro … percentage points higher schooling probability for children between the ages of 7 and 10. This result explains approximately 26 … percent of the improvement in schooling for this age group between the years 1988 and 2000 …

Persistent link: https://www.econbiz.de/10008833909

Real Options and Human Capital Investment

Jacobs, Bas - CESifo - 2007

This paper extends the standard human capital model with real options. Real options influence investment behavior when risky investments in human capital are irreversible and individuals can affect the timing of the investment. Option values make individuals more reluctant to invest in human...

Persistent link: https://www.econbiz.de/10005405834

Human Capital Formation, Income Inequality and Growth

Viaene, Jean-Marie; Zilcha, Itzhak - CESifo - 2001

The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: (1) heterogeneity of consumers with respect to wealth and parental human capital; (2) intergenerational...

Persistent link: https://www.econbiz.de/10005405855

Private Investment in Higher Education: Comparing Alternative Funding Schemes

Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 2008

This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...

Persistent link: https://www.econbiz.de/10005405995