This paper examines the patterns of economic integration and endogenous growth in a two-country overlapping generations world in which the formation of childrn's human capital is financed by parents. It explores the influence of cross-border external effects in human capital on growth....

This paper examines interactions between education policy and growth. The analysis is carried out in an OLG model with two types of individuals: skilled and unskilled.

This paper sets up a simple two-country overlapping generations model to assess the impact of education policies on human capital formation and long-run welfare in both the sending and the receiving country. It emphasises the effect of scale economies in education on the welfare consequences of...

We consider a two-period overlapping generations economy in which individuals work in both periods and acquire skills when young through both learning-by-doing and formal education. We characterise the unique saddle-path stable steady state of this economy and show that individuals spend too...

The debate about whether culture should be subsidized or not is far from being recent, and though problems and approaches vary across countries, most governments are in favour of supporting the arts in one way or the other. The literature considers several arguments in favour of such subsidies....

This paper analyzes the role of the structure of skills in economic development through investment in human capital. With a lack of credit market for education and the presence of indivisibilities in investment in human capital as well as of a congestion effect of the educational system, the...

In order to increase skilled labour, governments manipulate the quantity and the quality of students. This paper investigates both dynamical and steady state responses of such a shock in a model of matching frictions with both skilled and unskilled agents. A less selective educationpolicy leads...

L'objectif de ce travail est d'ameliorer l'estimation des fonctions de gains en tenant compte du caractere endogene de l'education et des biais de selection. Une premiere partie traite de la necessite du recours a un estimateur a variables instrumentales lorsque le capital humain acquis a...

Apres un bilan critique des tests de segmentation, nous presentons une demarche en deux etapes pour analyser la strcture du marche du travail francais. Dans un premier temps, nous procedons a l'estimation de plusieurs fonctions de gain dans le but de reveler la presence de plusieurs niveaux de...

Our aim is to explain why the pattern of relative unemployment rates by education groups was non monotonic in most of the OECD countries. In a two-sector matching model, a simple unexpected productivity shock biased against unskilled labor can replicate the observed dynamics. Effects of...