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Generational Conflict, Human Capital Accumulation, and Economic Growth

Holtz-Eakin, Douglas; Lovely, Mary E.; Tosun, Mehmet Serkan - 2021

education. We use an overlapping-generations model to investigate the effect of this demographic transition on the endogenous … determination of public spending for education. A demographic transition alters the identity of the median voter, leading to a … preference for less education spending. If the public sector is inefficiently small, demographic transition exacerbates the …

Persistent link: https://www.econbiz.de/10013239347

Understanding the Evolution of the U.S. Wage Distribution : A Theoretical Analysis

Guvenen, Fatih - 2007

fall in the education premium followed by a strong recovery, leading to a higher premium in the long run, (iii) the fact …

Persistent link: https://www.econbiz.de/10012776950

Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation

Buiter, Willem H.; Kletzer, Kenneth - 2021

growth version). We also consider the productivity growth (or level) effects of public spending on education and of the …

Persistent link: https://www.econbiz.de/10013221520

A Quantitative Analysis of the Evolution of the U.S. Wage Distribution : 1970-2000

Guvenen, Fatih - 2010

In this paper, we construct a parsimonious overlapping-generations model of human capital accumulation and study its quantitative implications for the evolution of the U.S. wage distribution from 1970 to 2000. A key feature of the model is that individuals differ in their ability to accumulate...

Persistent link: https://www.econbiz.de/10012760095

The Economics of Inefficient Technology Use

Beaudry, Paul - 2012

The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...

Persistent link: https://www.econbiz.de/10012755309

Immigration, Human Capital Formation and Endogenous Economic Growth

Ehrlich, Isaac - 2015

Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last 4 decades. Moreover, the population share of skilled migrants has been approaching...

Persistent link: https://www.econbiz.de/10013012386

Schooling, Labor Force Quality, and Economic Growth

Hanushek, Eric Alan; Kim, Dongwook - 2000

Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...

Persistent link: https://www.econbiz.de/10014158648

What Does Human Capital Do? A Review of Goldin and Katz's the Race between Education and Technology

Acemoglu, Daron - 2012

Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified …

Persistent link: https://www.econbiz.de/10013110940

Malthus to Solow

Hansen, Gary D.; Prescott, Edward C. - 2021

A unified growth theory is developed that accounts for the roughly constant living standards displayed by world … economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also …

Persistent link: https://www.econbiz.de/10013236690

Balanced Growth Despite Uzawa

Grossman, Gene M. - 2016

duration of their education matches key features of the U.S. economic record …

Persistent link: https://www.econbiz.de/10013001767