five

Replication data for: Human Capital Formation, Life Expectancy, and the Process of Development

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ICPSR2005-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/116072
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资源简介:
We provide a unified theory of the transition in income, life expectancy, education, and population size from a nondeveloped environment to sustained growth. Individuals optimally trade off the time cost of education with its lifetime returns. Initially, low longevity implies a prohibitive cost for human capital formation for most individuals. A positive feedback loop between human capital and increasing longevity, triggered by endogenous skill-biased technological progress, eventually provides sufficient returns for widespread education. The transition is not based on scale effects and induces population growth despite unchanged fertility. A simulation illustrates that the dynamics fit historical data patterns.
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2005-01-01
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