Longevity, Education and Economic Growth

Akira Yakita

Chapter Chapter 9 in Population Aging, Fertility and Social Security, 2017, pp 131-140 from Springer

Abstract: Abstract This chapter examines the effect of population aging on development paths of an economy by distinguishing between human capital obtained through schooling before entering the labor force and the stock of common knowledge of contemporary workers about productivity improvements. Each individual determines his own human capital investment, i.e., schooling period, financing by borrowing. Therefore, spending on human capital formation reduces lifecycle savings and hence physical capital formation.

Keywords: Human Capital; Wage Rate; Physical Capital; Knowledge Spillover; Human Capital Investment (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:popchp:978-3-319-47644-5_9

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DOI: 10.1007/978-3-319-47644-5_9

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