Endogenizing Growth via a Lag for Apprenticing

John Hartwick and Ngo Long

No 273734, Queen's Economics Department Working Papers from Queen's University - Department of Economics

Abstract: 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.

Keywords: Financial Economics; Land Economics/Use (search for similar items in EconPapers)
Pages: 12
Date: 2010-04
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Working Paper: Endogenizing Growth Via A Lag For Apprenticing (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:273734

DOI: 10.22004/ag.econ.273734

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