Endogenizing Growth via a Lag for Apprenticing
We 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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- Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204.
- Oded_Galor, 2004.
"The Demographic Transition and the Emergence of Sustained Economic Growth,"
2004-13, Brown University, Department of Economics.
- 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.
- Oded Galor, 2004. "The Demographic Transition and the Emergence of Sustained Economic Growth," GE, Growth, Math methods 0409005, EconWPA.
- Galor, Oded, 2004. "The Demographic Transition and the Emergence of Sustained Economic Growth," CEPR Discussion Papers 4714, C.E.P.R. Discussion Papers.
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