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Endogenous Growth and Parental Funding of Education in an OLG Model with a Fixed Factor

Lionel Artige

CREPP Working Papers from Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège

Abstract: 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: 2010
New Economics Papers: this item is included in nep-dge, nep-edu, nep-fdg and nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:rpp:wpaper:1003

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