Human Capital Formation , Life Expectancy and the Process of Economic Development

@inproceedings{Cervellati2002HumanCF,
  title={Human Capital Formation , Life Expectancy and the Process of Economic Development},
  author={Matteo Cervellati and Uwe Sunde},
  year={2002}
}
Human Capital Formation, Life Expectancy and the Process of Economic Development This paper presents a microfounded theory of long-term development. We model the interplay between economic variables, namely the process of human capital formation and technological progress, and the biological constraint of finite lifetime expectancy. All these processes affect each other and are endogenously determined. The model is analytically solved and simulated for illustrative purposes. The resulting… CONTINUE READING