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Éducation, croissance et convergence : analyse au sein d'un modèle à générations imbriquées

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  • Alice Fabre

Abstract

This paper provides an overlapping generations model with both physical and human capital, in order to study the link between heterogeneity and growth. The study stresses out the flexibility of the OLG model to analyse the mutual dependence between the human capital distribution and the dynamics of the economy. It is assumed there exists an externality taking into account the effects of the average human capital dotation. Contrary to Lucas [1988], the external effects are present in the individual accumulation function of human capital, and not in the output function. Due to this specification, the model exhibits spillover effects that generate convergence, even in the case of endogeneous growth. Besides, it is shown that the dynamic equilibrium depends upon the initial heterogeneity of human capital. JEL classification : 015, J24

Suggested Citation

  • Alice Fabre, 2001. "Éducation, croissance et convergence : analyse au sein d'un modèle à générations imbriquées," Revue d'économie politique, Dalloz, vol. 111(5), pages 765-783.
    • Handle: RePEc:cai:repdal:redp_115_0765
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    Cited by:

    1. Alice Fabre & Stéphanie Moullet, 2004. "Externalités de l'éducation et mobilité intergénérationnelle : application au cas français," Economie & Prévision, La Documentation Française, vol. 166(5), pages 19-37.

    More about this item

    Keywords

    education; growth; convergence; OLG model;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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