The computable overlapping generations model with an endogenous growth mechanism

Akira Sadahiro, Manabu Shimasawa

    Research output: Contribution to journalArticle

    21 Citations (Scopus)

    Abstract

    The overlapping generations model based on the endogenous growth theory, incorporating human capital stock has been developed and some simulations under the alternative population growth patterns and some sensitivity analyses, with respect to some key parameters have been conducted. The main results are as follows: (1) the endogenously determined growth rate of human capital offsets the negative population growth rates; (2) the individual has an incentive to allocate his/her time into schooling investments for accumulating his/her human capital in the phase of declining population growth; and (3) there is a negative correlation between the growth rate of labor being supplied and human capital.

    Original languageEnglish
    Pages (from-to)1-24
    Number of pages24
    JournalEconomic Modelling
    Volume20
    Issue number1
    DOIs
    Publication statusPublished - 2003 Jan

    Fingerprint

    Overlapping generations model
    Endogenous growth
    Human capital
    Population growth
    Schooling
    Labor
    Capital stock
    Endogenous growth theory
    Incentives
    Simulation

    Keywords

    • Endogeneous growth
    • Human capital accumulation
    • Overlapping generations model

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    The computable overlapping generations model with an endogenous growth mechanism. / Sadahiro, Akira; Shimasawa, Manabu.

    In: Economic Modelling, Vol. 20, No. 1, 01.2003, p. 1-24.

    Research output: Contribution to journalArticle

    Sadahiro, Akira ; Shimasawa, Manabu. / The computable overlapping generations model with an endogenous growth mechanism. In: Economic Modelling. 2003 ; Vol. 20, No. 1. pp. 1-24.
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