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Human Capital and Economic Development

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Research , Preprint 01 Jan 2002Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Authors: Robert Tamura; Robert Tamura;

doi: 10.2139/ssrn.315042 , 10.1016/j.jdeveco.2004.12.003

handle: 10419/100998 , 10419/100720

Human Capital and Economic Development

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Abstract

Abstract This paper develops a general equilibrium model of fertility and human capital investment with young adult mortality. Because young adult mortality is negatively related to average young adult human capital, human capital accumulation lowers mortality, inducing demographic transition and industrial revolution. Data confirm that young adult mortality is related negatively to schooling, and the rate of return to schooling, and positively to fertility. The data indicate a negative relationship between TFP growth and schooling accumulation. The model fits the data on country populations, per capita incomes, human capital, total fertility rates, infant mortality, life expectancy and conditional life expectancy.

Related Organizations

Federal Reserve Bank of Atlanta
United States
Clemson University
United States

Keywords

Bildungsinvestition, Economic development, ddc:330, Welt, Economic development ; Human capital, Demographischer Übergang, Sterblichkeit, Fertilität, Entwicklung, Human capital, Theorie

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	186
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 1%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%