A SIMPLE THEORY OF THE EFFECTS OF INDUSTRIALIZATION. (6th January 2016)
- Record Type:
- Journal Article
- Title:
- A SIMPLE THEORY OF THE EFFECTS OF INDUSTRIALIZATION. (6th January 2016)
- Main Title:
- A SIMPLE THEORY OF THE EFFECTS OF INDUSTRIALIZATION
- Authors:
- Rahman, Ahmed S.
- Abstract:
- Abstract : Historically, industrialization has been associated with falling relative returns to skills. This fact is at odds with most unified theories of industrialization, which tend to imply rising skill premia as natural concomitants of economic growth. This paper develops a very simple model of historical growth to help solve this puzzle. Assuming that human capital is both a consumption good and an investment good, the model demonstrates how gradually rising investments in human capital, nonmonotonic fertility rates, and falling skill premia can all be explained within one theory.
- Is Part Of:
- Macroeconomic dynamics. Volume 21:Number 1(2017)
- Journal:
- Macroeconomic dynamics
- Issue:
- Volume 21:Number 1(2017)
- Issue Display:
- Volume 21, Issue 1 (2017)
- Year:
- 2017
- Volume:
- 21
- Issue:
- 1
- Issue Sort Value:
- 2017-0021-0001-0000
- Page Start:
- 106
- Page End:
- 129
- Publication Date:
- 2016-01-06
- Subjects:
- Endogenous Demography, -- Skill Premium, -- Unified Growth Theory
Macroeconomics -- Periodicals
339.05 - Journal URLs:
- http://journals.cambridge.org/action/displayJournal?jid=MDY ↗
- DOI:
- 10.1017/S1365100515000401 ↗
- Languages:
- English
- ISSNs:
- 1365-1005
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital store
- Ingest File:
- 1716.xml