Endogenizing Growth via a Lag for Apprenticing
AbstractWe take up a growth model with both skilled and unskilled labor, and a steady migration of some unskilled workers, who undertake apprenticing, to the skilled group of workers. Apprenticing involves a period of observing and thus labor output foregone. The time-out for observing represents a cost to the economy and this results in the rate of balanced growth being endogenous. We examine the balanced growth path and report on the stability of our dynamic system.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 1234.
Length: 11 pages
Date of creation: Apr 2010
Date of revision:
skilled and unskilled labor; apprenticing; balanced growth; endogenous growth;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- J00 - Labor and Demographic Economics - - General - - - General
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- Oded Galor, 2004.
"The Demographic Transition and the Emergence of Sustained Economic Growth,"
GE, Growth, Math methods
- Oded Galor, 2005. "The Demographic Transition and the Emergence of Sustained Economic Growth," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 494-504, 04/05.
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- Galor, Oded, 2004. "The Demographic Transition and the Emergence of Sustained Economic Growth," CEPR Discussion Papers 4714, C.E.P.R. Discussion Papers.
- Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204, October.
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