Endogenous cycles and human capital

Dimitrios Varvarigos ()
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Dimitrios Varvarigos: University of Leicester

Journal of Economics, 2017, vol. 120, issue 1, No 2, 45 pages

Abstract: Abstract Existing evidence shows that human capital investment is countercyclical. In a dynamic model, I show that countercyclical investment in human capital arises as a result of a parametric combination relating to preferences and technologies. This countercyclical reaction is responsible for complex dynamics in the evolution of human capital, thus initiating a self-sustained sequence of events that generate endogenous cycles.

Keywords: Human capital; Cycles (search for similar items in EconPapers)
JEL-codes: E32 O41 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:120:y:2017:i:1:d:10.1007_s00712-016-0488-2

DOI: 10.1007/s00712-016-0488-2

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