Our analysis of growth assumes endogenous fertility and a rising rate of return on human capital as the stock of human capital in- creases. When human capital is abundant, rates of return on human capital inves
The unit of analysis in the model is a household composed of several generations living together and engaging in various economic activities. While we treat fertility as exogenous, we allow for endogenous human capital accumulation to capture the quality-quantity trade-off as it is an important ...
Human Capital FormationChild Quantity‐Quality Trade‐OffReproductive CapacityFecundityDemographic TransitionLong‐Run Economic GrowthThis research explores a fundamental cause of variation in human capital formation across families in the pre-modern period, as well as the mitigating effects of family-level ...
Human capital is thought to be a crucial factor that drives economic growth. This study aims to understand the evaluation of the loss of human capital caused by employees’ occupational stress. In total, 1,021,178 observations for employee occupational s
This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings. "Critics have charged that Mr. Becker's style of thinking reduces humans to economi...
The main feature of the proposed model is the possibility of considering in it the choice between investments in material and human capital from the point of view of the scale of the impact on economic growth. An essential minor feature is that the intertemporal choice of a household is ...
A brain gain or a brain drain: migration, endogenous fertility and human capital formation. Economic Inquiry 47, 766-782.Chen, H.J.U. 2009. « A brain gain or a brain drain? Migration, endogenous fertility, and human capital formation ». Economic Inquiry 47 (4): 766-782....
The comparison of J-F human capital and physical capital with GDP indicates that Mainland China’s investment in human capital has contributed a relatively important force to economic growth. Moreover, human-capital growth in Mainland China has notably counteracted the negative impacts of declining ...
To model the interaction of infectious diseases, human capital and economic growth, we build on the Lucas (1988) model of endogenous growth where individuals allocate time between working and accumulating human capital. In our environment, individ- uals are exposed to the risk of being infected ...
We study two-sector R&D model with endogenous human capital accumulation. Allowing for fractional human capital spillover from parents to their offspring, which are subject to congestion in fertility rate, we establish non-monotonic relations between population growth and economic growth. These non-mono...