English, Article, Journal or magazine article edition: Education supply, economic growth and the dynamic of skills Vincent BARTHELEMY; Philippe MICHEL

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Bookmark: http://trove.nla.gov.au/version/4542
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Education supply, economic growth and the dynamic of skills
Author
  • Vincent BARTHELEMY
  • Philippe MICHEL
Physical Description
  • preprint
Notes
  • This paper examines the dynamics of the skill supply and its incidence on economic growth in the presence of education policies. When there are indivisibilities in the financing of human capital, small differences in the initial distribution of skills may greatly affect the stationary distribution : the economy may end up in a "low skill trap", or in a high skill equilibrium. The model implies that for some ranges of initial distributions there will be intergenerational immobility. Finally, cross-country diffŽrences in long-term macroeconomic adjustment to education policies may be attributed, among other factors, to the existence of a congestion effect in the education System.
  • Groth, Education, Human capital, Social mobility
  • RePEc:ctl:louvre:2003022
Language
  • English
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