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来源类型Working Paper
规范类型报告
DOI10.3386/w26810
来源IDWorking Paper 26810
Human Capital as Engine of Growth \u2013 The Role of Knowledge Transfers in Promoting Balanced Growth Within and Across Countries
Isaac Ehrlich; Yun Pei
发表日期2020-03-02
出版年2020
语种英语
摘要Unlike physical capital, human capital has both embodied and disembodied dimensions. It can be perceived of as skill and acquired knowledge, but also as knowledge spillover effects between overlapping generations and across different skill groups within and across countries. We illustrate the roles these characteristics play in the process of economic development; the relation between income growth and income and fertility distributions; and the relevance of human capital in determining the skill distribution of immigrants in a balanced-growth global equilibrium setting. In all three illustrations, knowledge spillover effects play a key role. The analysis offers new insights for understanding the decline in fertility below population replacement rate in many developed countries; the evolution of income and fertility distributions across developing and developed countries; and the often asymmetric effects that endogenous immigration flows and their skill composition exert on the long-term net benefits from immigration to natives in source and destination countries.
主题International Economics ; International Factor Mobility ; International Macroeconomics ; Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w26810
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584482
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Isaac Ehrlich,Yun Pei. Human Capital as Engine of Growth \u2013 The Role of Knowledge Transfers in Promoting Balanced Growth Within and Across Countries. 2020.
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