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Demographic Change, Human Capital and Welfare

Ludwig, Alexander; Schelkle, Thomas; Vogel, Edgar - 2010

This paper employs a large scale overlapping generations (OLG) model with endogenous human capital formation using a Ben-Porath (1967) technology to evaluate the quantitative role of human capital adjustments for the economic consequences of demographic change. We find that endogenous human...

Persistent link: https://www.econbiz.de/10014198885