| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP940 |
| DP940 The Simplest Test of Inflation Target Credibility | |
| Lars E.O. Svensson | |
| 发表日期 | 1994-04-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of such rents, the return to human capital is entirely appropriated by the old and accumulation is entirely determined by the income to fixed factors. If rents are introduced by setting a ceiling on human capital accumulation, the economy may achieve a larger income level, even though the ceiling reduces the economy's feasibility set. Threshold effects and multiple steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to rents. |
| 主题 | International Macroeconomics |
| 关键词 | Growth Human capital Inequality Overlapping generations Public education Savings Threshold effects |
| URL | https://cepr.org/publications/dp940 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530081 |
| 推荐引用方式 GB/T 7714 | Lars E.O. Svensson. DP940 The Simplest Test of Inflation Target Credibility. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Lars E.O. Svensson]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Lars E.O. Svensson]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Lars E.O. Svensson]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
