Questions tagged [human-capital]

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Human Capital Vs TFP

I'm interested in familiarizing myself with some of the intra-debates that have occurred over the years, having to do with Mankiw, Romer, Weil (1992) and Klenow, Rodriguez-Clare (1997). Some argue ...
2
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1answer
51 views

Acemoglu - Introduction to Economic Growth - Existence of a one-to-one relation between human and physical capital

In the book the author claims that equation $(1)$ $$ f_x(x(t),y(t)) - f_y(x(t),y(t)) = a - b \hspace{10mm} (1) $$ where $f_x(\cdot)$ is the partial derivative of $f(\cdot)$ with respect to $x$ and $a,...
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1answer
132 views

Solving Constrained Optimization Problem with Two-Period Model of Human Capital

I'm trying to solve a constrained optimization problem in human capital model. The objective function is $\max_{c_1,c_2,\nu} U = u(c_1) + \beta u(c_2)$, subjected to $c_1 = w +(1-\nu)\theta_1 h_1^a$ ...
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0answers
26 views

According to human capital theory, in which country will citizens be more likely to go to college?

Assume that in country A college tuition is 10,000 per year, citizens save 5% of their income for retirement, and there is a mandatory retirement age of 60 years old. In country B, the tuition for ...
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1answer
33 views

DSGE model with agents that develop their skills

Are there DSGE models with agents with different skill levels (and according wage differences) who can develop or lose their skills and with employees with dynamic/changing skill levels and skill ...
2
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2answers
49 views

Do mainstream economic models use the blank-slate view of humans?

Human capital is an important part of GDP forecasting. Do the models in use today view humans as "blank slate", meaning they can be educated to the same level, or do they take into account ...
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0answers
36 views

Does improvement in human capital reduces regional disparity?

I am an undergraduate student and I am finding out if this could be a good thesis topic since I haven't encountered any text regarding this also when I found one related to this it is on the other way ...
3
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1answer
99 views

Does brain drain really affect a nation's growth trajectory?

Take India as an example. India has been losing most of its bright minds to the west. India also ranks low in development. I would like to get a definitive answer to this cause-effect type question. ...
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0answers
24 views

Best financial model to proportionally distribute the company's income to all employees?

I'm planning to start a project of something "innovative". And among some of the parts of the project that I'm thinking about, it's in the term of how money (profits) should be distributed. The truth ...
0
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1answer
36 views

Macroeconomic models with labor-replacing capital?

I am reading article http://public.gettysburg.edu/~tlin/research/robots-main.pdf "A New Keynesian Model with Robots: Implications for Business Cycles and Monetary Policy" and I wonder how actual this ...
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1answer
75 views

Human capital for under developed countries

I am currently undergoing a study on economic growth in 11 countries: Bangladesh, Egypt, Indonesia, Iran, Mexico, Philippines, Pakistan, South Korea, Turkey and Vietnam. I plan to use panel regression....
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3answers
465 views

Is there an alternative metric to GDP that measures a country's assets rather than flows?

The Gross domestic product measures the value of all final goods and services produced in a period. This has some limitations. For example, if a car hits a lightpost and both need to be repaired and ...
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0answers
935 views

What does the elasticity of substitution between capital and labour mean?

For example, if i have elasticity of substitution equal to 5 and 0.6 what does it imply about the capital to labor ratio? When it is 5 does it imply that it is easier to replace labor with capital. As ...
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2answers
73 views

Human Capital and Investment into Children

Famous labor economist James Heckman made the argument that given money for investing into educating people, we should invest into young children, and pretty much only that age group, because they ...
3
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1answer
53 views

Data on Directed Technical Change

I'm interested in technologies that are directed towards improving productivity of workers with high human capital. What kind of data could one use to look at directed technical change, as in Howard-...