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Optimal accumulation in an endogenous growth setting with human capital
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Paddison, Oliver Docquier, Frédéric. |
| Temporal Coverage | 2006 |
| Abstract | "This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer instruments that allow for decentralization of the social optimum. Within the limits of our model, the rationale for the standard pattern of intergenerational transfers (the working-aged financing the education of the young and the pension of the old) is seriously questioned. On pure efficiency grounds, the case for generous public pensions is rather weak"--Forschungsinstitut zur Zukunft der Arbeit web site. |
| Language | English |
| Publisher | IZA, |
| Publisher Place | Bonn, Germany |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Human Capital Intergenerational Relations Saving and Investment |
| Subject Domain (in LCSH) | Human capital |
| Subject Domain (in LCSH) | Intergenerational relations |
| Subject Domain (in LCSH) | Saving and investment |
| Subject Domain (in LCC) | HD5701 |
| Content Type | Text |
| Resource Type | Book |
