scholarly journals On a Theoretical Analysis of the Family and Economic Growth

2019 ◽  
Vol 5 (2) ◽  
pp. 17
Author(s):  
Stephen Olabode ODEDOYIN
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Theoretical Analysis ◽  
Analytical Technique ◽  
Capital Endowment ◽  
The Family ◽  
Human Capital Endowment

The paper considers the prospects of constructing theoretical postulates on the family that is consistent with some of the main features of economic growth. Theoretical abstraction of the parameters involved based on the intergenerational dynastic model is analyzed and compared to evidence. Descriptive and analytical technique were employed in analyzing the model. Nonmarket productivity levels and their effect on initial human capital endowment of households were also considered.

Does Human Capital Strongly Affect Economic Growth Rates? Yes, But Only If Assessed Properly

2004 ◽  
Vol 3 (2) ◽  
pp. 115-134 ◽  
Author(s):  
Erich Weede
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Empirical Evidence ◽  
Growth Rates ◽  
Capital Endowment ◽  
Order Of Magnitude ◽  
Growth Equations ◽  
Catch Up ◽  
Economic Growth Rates ◽  
Human Capital Endowment

AbstractAlthough modern growth theories regard human capital endowment as a determinant of economic growth rates, econometric research does not consistently support this view by empirical evidence. In principle, this discrepancy might arise either from misleading theories or from poor measurement of human capital endowment. Here, it is argued that poor measurement is the culprit, and that one should substitute results from psychological testing, i.e.IQ, for widely accepted measures based on schooling. In order to demonstrate both the superiority of IQ over schooling derived measures as well as the robustness of IQ effects on growth, the new measure is entered in the Mankiw, Romer and Weil and the De Long and Summers frameworks which differ in the specification of growth equations and, in particular, in their treatment of investment. It is demonstrated that IQ effects are at least about equally strong and robust determinants of growth as catch-up opportunities, whether investment is included or excluded, narrowly or broadly defined. If investment is included, its effects are in the same order of magnitude as those of catch-up opportunities or IQ. Since IQ is correlated with state antiquity, since state antiquity might offer

scholarly journals Sources of Earnings Differentials Among Migrants and Natives

1998 ◽  
Vol 37 (4II) ◽  
pp. 939-953 ◽  
Author(s):  
Ather Maqsood Ahmed
Keyword(s):  
Human Capital ◽  
Social Institutions ◽  
Personal Characteristics ◽  
Earnings Differentials ◽  
Earnings Differential ◽  
Job Experience ◽  
Capital Endowment ◽  
Long Run ◽  
Short Run ◽  
Human Capital Endowment

The theory of human capital postulates that earnings of different categories of workers, be they male or female, black or white, unionised or non-unionised depend on the level of human capital endowment of these individuals [Becker (1964) and Mineer (1974)]. Besides educational attainment and on-the-job experience, part of the earnings differential, at lest in the short run, can also result from market imperfections such as restrictions on factor mobility or other artificial distortions. However, despite concerted efforts by public and social institutions to remove social injustice, the automatic .long run market clearance as envisaged by classical economists is not always there. It is not uncommon to find workers with identical background and skills receiving differentials treatment in terms of wages and other rewards. This suggests that unobservable personal characteristics are also positively valued at the market and that the market has a "taste" for discrimination.! The theory of discrimination thus hypothesises that differential wages ,can exit if market differentiates and treats distinct categories of workers on the basis of race, gender or similar categorisations [Becker (1957)].

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