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Growth with gender-differentiated human capital and family wealth accumulation based on the Uzawa-Lucas two-sector model

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  • Wei-Bin Zhang

    () (Ritsumeikan Asia Pacific University, College of Asia Pacific Management, Beppu, Oita, Japan)

Abstract

One of the most dramatic economic transformations in modern times has been the entry of women into the labor force. The purpose of this study is to address issues related to interactions among gender differences, economic growth and education with endogenous physical and human capital accumulation. Our model is a synthesis of the Solow model (Solow 1956) and the Uzawa-Lucas two-sector growth model (Uzawa 1965; Lucas 1988) with Zhang’s approach to household behavior (Zhang 1993). It adds gender issues to the traditional models. We examine behavior of the economy by simulation. We demonstrate the existence of equilibrium points and plot the motion of the dynamic system. We also examine the effects of changes on the time distributions and human capital of man and woman in the propensity to receive education, the efficiency of learning, the efficiency of education, and the propensity to save upon dynamic paths of the system.

Suggested Citation

  • Wei-Bin Zhang, 2014. "Growth with gender-differentiated human capital and family wealth accumulation based on the Uzawa-Lucas two-sector model," Society and Economy, Akadémiai Kiadó, Hungary, vol. 36(1), pages 69-94, March.
  • Handle: RePEc:aka:soceco:v:36:y:2014:i:1:p:69-94
    Note: The author is grateful to the constructive comments of the two anonymous referees. Financial support from the Grants-in-Aid for Scientific Research (C), Project No. 25380246, Japan Society for the Promotion of Science is gratefully acknowledged.
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    Cited by:

    1. Wei-Bin Zhang, 2016. "Impact of Education Subsidies and Taxation on Wealth and Human Capital Accumulation," Eastern European Business and Economics Journal, Eastern European Business and Economics Studies Centre, vol. 2(3), pages 222-247.
    2. Wei-Bin ZHANG, 2014. "Gender Discrimination, Education and Economic Growth in a Generalized Uzawa-Lucas Two-Sector Model," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 7(1), pages 1-34.
    3. Wei-Bin Zhang, 2016. "Gender-Differentiated Human Capital And Time Distributions In A Generalized Heckscher-Ohlin Model With Endogenous Physical Capital," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(2), pages 112-132, June.

    More about this item

    Keywords

    economic growth; gender; gender-differentiated time distribution; learning by education; propensity to receive education;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • I00 - Health, Education, and Welfare - - General - - - General

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