Human Capital and Growth Cycles

Kurzanzeige
dc.contributor.authorKaas, Leo
dc.contributor.authorZink, Stefandeu
dc.date.accessioned2011-03-25T09:40:28Zdeu
dc.date.available2011-03-25T09:40:28Zdeu
dc.date.issued2007deu
dc.description.abstractThis paper studies the dynamic interaction between human capital accumulation and economic growth. Capital market imperfections and an indivisibility in human capital investment prevent poor agents from accumulating skills, the acquisition of which positively affects technological progress. More productive technologies in turn require more sophisticated qualification and involve higher training costs. The equilibrium dynamics can be characterized by the joint evolution of productivity growth, the schooling costs, and the income distribution. Under our assumptions, individual incomes follow a non-linear Markov chain. This nonlinearity generates endogenous fluctuations of schooling activities and the rate at which productivity improvements occur.eng
dc.description.versionpublished
dc.format.mimetypeapplication/pdfdeu
dc.identifier.citationFirst publ. in: Economic Theory 31 (2007), 1, pp. 19-33deu
dc.identifier.doi10.1007/s00199-006-0081-y
dc.identifier.ppn312995024deu
dc.identifier.urihttp://kops.uni-konstanz.de/handle/123456789/11820
dc.language.isoengdeu
dc.legacy.dateIssued2009deu
dc.rightsterms-of-usedeu
dc.rights.urihttps://rightsstatements.org/page/InC/1.0/deu
dc.subjectHuman capital accumulationdeu
dc.subjectIncome distributiondeu
dc.subjectCapital market imperfectiondeu
dc.subjectEndogenous growthdeu
dc.subjectCyclesdeu
dc.subject.ddc330deu
dc.subject.jelO16deu
dc.subject.jelE32deu
dc.subject.jelD31deu
dc.subject.jelO11deu
dc.titleHuman Capital and Growth Cycleseng
dc.typeJOURNAL_ARTICLEdeu
dspace.entity.typePublication
kops.citation.bibtex
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  year={2007},
  doi={10.1007/s00199-006-0081-y},
  title={Human Capital and Growth Cycles},
  number={1},
  volume={31},
  journal={Economic Theory},
  pages={19--33},
  author={Kaas, Leo and Zink, Stefan}
}
kops.citation.iso690KAAS, Leo, Stefan ZINK, 2007. Human Capital and Growth Cycles. In: Economic Theory. 2007, 31(1), pp. 19-33. Available under: doi: 10.1007/s00199-006-0081-ydeu
kops.citation.iso690KAAS, Leo, Stefan ZINK, 2007. Human Capital and Growth Cycles. In: Economic Theory. 2007, 31(1), pp. 19-33. Available under: doi: 10.1007/s00199-006-0081-yeng
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kops.sourcefieldEconomic Theory. 2007, <b>31</b>(1), pp. 19-33. Available under: doi: 10.1007/s00199-006-0081-ydeu
kops.sourcefield.plainEconomic Theory. 2007, 31(1), pp. 19-33. Available under: doi: 10.1007/s00199-006-0081-ydeu
kops.sourcefield.plainEconomic Theory. 2007, 31(1), pp. 19-33. Available under: doi: 10.1007/s00199-006-0081-yeng
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source.periodicalTitleEconomic Theory

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