Endogenous Growth and Parental Funding of Education in an OLG Model with a Fixed Factor
This paper examines the stationary state income level and income growth in an overlapping generations (OLG) model in which production uses three inputs: physical capital, human capital and land. The accumulation of human capital relies on parental funding of education and the past aggregate human capital stock. Four cases exhibiting various possible specifications of returns to scale in output and human capital technologies are studied and compared.
|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: + 32 (0) 4 366 31 08
Fax: + 32 (0) 4 366 31 06
Web page: http://www2.ulg.ac.be/crepp/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Glomm, Gerhard & Ravikumar, B, 1992. "Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 818-34, August.
- de la Croix, David & Monfort, Philippe, 1999.
"Education Funding and Regional Convergence,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
1999010, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Casey B. Mulligan & Xavier Sala-i-Martin, 1993. "Transitional Dynamics in Two-Sector Models of Endogenous Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 739-773.
When requesting a correction, please mention this item's handle: RePEc:rpp:wpaper:1003. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mathieu Lefebvre)
If references are entirely missing, you can add them using this form.