Endogenous Cycles in a Simple Model with Lagged Externalities of Human Capital

2017 ◽  
Author(s):  
Keigo Nishida
Keyword(s):  
Human Capital ◽  
Simple Model ◽  
Endogenous Cycles

ENDOGENOUS CYCLES IN A SIMPLE MODEL WITH LAGGED EXTERNALITIES ON PRODUCTIVITY

2018 ◽  
Vol 71 (3) ◽  
pp. 307-312
Author(s):  
Keigo Nishida
Keyword(s):  
Simple Model ◽  
Endogenous Cycles

scholarly journals Endogenous cycles and human capital

2016 ◽  
Vol 120 (1) ◽  
pp. 31-45 ◽  
Author(s):  
Dimitrios Varvarigos
Keyword(s):  
Human Capital ◽  
Endogenous Cycles

scholarly journals Productivity Differences Between and Within Countries

2010 ◽  
Vol 2 (1) ◽  
pp. 169-188 ◽  
Author(s):  
Daron Acemoglu ◽  
Melissa Dell
Keyword(s):  
Human Capital ◽  
Simple Model ◽  
Productive Efficiency ◽  
Significant Fraction ◽  
Unified Framework ◽  
Know How ◽  
Country Differences

We document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country differences cannot be explained by observed human capital. We conjecture that the sources of within-country and between-country differences are related. As a first step toward a unified framework, we propose a simple model incorporating differences in technological know-how across countries and differences in productive efficiency within countries. (JEL E23, I31, J31, O15, O18, O47, R23)

A SIMPLE THEORY OF THE EFFECTS OF INDUSTRIALIZATION

2016 ◽  
Vol 21 (1) ◽  
pp. 106-129 ◽  
Author(s):  
Ahmed S. Rahman
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Simple Model ◽  
Simple Theory ◽  
Fertility Rates ◽  
Investment Good ◽  
Consumption Good ◽  
Unified Theories ◽  
Returns To Skills

Historically, industrialization has been associated with falling relative returns to skills. This fact is at odds with most unified theories of industrialization, which tend to imply rising skill premia as natural concomitants of economic growth. This paper develops a very simple model of historical growth to help solve this puzzle. Assuming that human capital is both a consumption good and an investment good, the model demonstrates how gradually rising investments in human capital, nonmonotonic fertility rates, and falling skill premia can all be explained within one theory.

scholarly journals Innovation, on-the-job learning, and labor contracts: an organizational equilibria approach

2021 ◽  
pp. 1-16
Author(s):  
Stefano Dughera ◽  
Francesco Quatraro ◽  
Claudia Vittori
Keyword(s):  
Human Capital ◽  
Simple Model ◽  
Labor Contracts ◽  
Employment Contract ◽  
Flexible Labor ◽  
High Road ◽  
Two Equilibria ◽  
Do So

Abstract An established tenet of the literature is that the use of flexible labor leads to less innovation. Yet, less attention has been paid to the possibility that it is the decision to innovate that generates the incentive to hire on a permanent basis. The goal of this paper is to show the existence of interlocking complementarities between the firm's technological and hiring strategies. To do so, we develop a simple model where the workers’ decision to invest in human capital is affected by the type of employment contract (temporary versus permanent) and by the type of technological investments (routine versus innovative). When the firm is unable to coordinate its actions across these different domains, two equilibria simultaneously exist: in the ‘high-road’ equilibrium, firms invest more in innovative projects and hire on a permanent basis; in the ‘low-road’ equilibrium, they invest more in routine projects and hire on a temporary basis.

scholarly journals Institutional reforms and human capital

2021 ◽  
Vol 51 (3) ◽  
pp. 103-124
Author(s):  
E.V. Balatsky ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Simple Model ◽  
Life Expectancy ◽  
Negative Impact ◽  
Interdisciplinary Approach ◽  
Institutional Changes ◽  
Institutional Reforms ◽  
Starting Point ◽  
The Impact

The article focuses on the interaction between institutional reforms and human capital. The Stevenson depopulation phenomenon is the starting point of the analysis. The stylized examples allow to highlight the impact of reforms on human capital, including vitality, health and life expectancy. Within the framework of an interdisciplinary approach, it is shown that many psychologists, sociologists, political scientists, doctors and linguists share the opinion about the impact of institutional changes on the viability of the population. The proposed simple model of economic growth demonstrates the principle of the need to dose reforms, i.e. to limit their scale, depth and speed of implementation. This strategy in contrast to shock therapy is called adaptive reform. The article examines the interaction between institutional reforms and human capital. As a starting point of the analysis, the phenomenon of Stevenson’s depopulation is used, which consists in the mass extinction of the natives of Polynesia under the influence of the forceful imposition of new standards of life by the colonists. These stylized examples allow us to focus on the impact of reforms on human capital in terms of the vitality, health and life expectancy of an individual. The analogy between the phenomenon of Stevenson’s depopulation and the decrease in the population during the institutional reforms in Russia in the 90s is considered. Within the framework of an interdisciplinary approach, it is shown that many psychologists, sociologists, political scientists, doctors and linguists share the opinion about the impact of institutional changes on the viability of the population. The main thesis of these studies: a person’s health is not only inside him (his body and consciousness), but also outside (in the social environment and psychological environment). A simple model of economic growth is proposed, from which the paradox of reforms follows, when productive institutional changes generate an economic downturn. The analysis of the conditions for the emergence of this paradox shows that the scale, depth and speed of reforms should be strictly dosed, otherwise their negative impact on people can outweigh the positive organizational effect inherent in them. It is shown that in addition to institutional changes, technological progress also has a destructive impact on human capital, which is also incorporated into the proposed model of economic growth.

Sustained output growth under uncertainty: A simple model with human capital

2008 ◽  
Vol 30 (4) ◽  
pp. 1468-1478
Author(s):  
Dimitrios Varvarigos
Keyword(s):  
Human Capital ◽  
Simple Model ◽  
Output Growth

Human Capital

2007 ◽  
Author(s):  
R. Rajaram
Keyword(s):  
Human Capital

Human Capital

1979 ◽  
Author(s):  
Roger P. Bartlett
Keyword(s):  
Human Capital

Human Capital and Global Business Strategy

2013 ◽  
Author(s):  
Howard Thomas ◽  
Richard R. Smith ◽  
Fermin Diez
Keyword(s):  
Human Capital ◽  
Business Strategy ◽  
Global Business
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