Literaturnachweis - Detailanzeige
Autor/in | Park, Yena |
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Titel | Constrained efficiency in a human capital model. Gefälligkeitsübersetzung: Eingeschränkte Effizienz in einem Humankapitalmodell. |
Quelle | In: American economic journal. Macroeconomics, 10 (2018) 3, S. 179-214
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | online; Zeitschriftenaufsatz |
ISSN | 1945-7707; 1945-7715 |
DOI | 10.1257/mac.20160405 |
Schlagwörter | Bildung; Bildungspolitik; Bildungsertrag; Armut; Humankapital; Humankapitaltheorie; Investition; Kapital; Privathaushalt; Steuerpolitik; Akkumulation; Institution |
Abstract | "This paper investigates whether capital and human capital are over-accumulated in an incomplete market economy. As in Davila et al. (2012), whether capital is over-accumulated depends on how the pecuniary externalities affect insurance and redistribution. In a human capital economy, however, not only capital but also human capital generates externalities and an additional channel arises that has implications for the overaccumulation (under-accumulation) of capital (human capital). The income sources of the poor and the correlation between wealth and human capital are crucial for the implication of pecuniary externalities. Realistically calibrated models exhibit under-accumulation (overaccumulation) of capital (human capital)." (Author's abstract, IAB-Doku). |
Erfasst von | Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg |
Update | 2018/4 |