Vintage Human Capital, Demographic Trends and Endogenous Growth

Raouf Boucekkine (), David de la Croix and Omar Licandro ()

No 2000007, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We study how economic growth is affected by demographics in an overlapping generations model with a realistic survival law. Individuals optimally chose the dates at which they leave school to enter the labor market and at which they retire. Endogenous growth arises thanks to the accumulation of generation-specific human capital. Favorable shifts in the survival probabilities always induce longer schooling and later retirement but have an ambiguous effect on growth. The relationship between the growth of population and per-capita growth is hump-shaped. Increases in longevity can be responsible for a switch from a no-growth regime to a sustained growth regime and for a positive relationship between fertility and growth to vanish.

Keywords: Human capital; longevity; fertility; growth; schooling (search for similar items in EconPapers)
JEL-codes: I20 J10 O41 (search for similar items in EconPapers)
Pages: 30
Date: 2000-02-01
New Economics Papers: this item is included in nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (98)

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Related works:
Journal Article: Vintage Human Capital, Demographic Trends, and Endogenous Growth (2002)
Working Paper: vintage human capital, demographic trends and endogenous growth
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2000007

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