This paper examines the dynamic responses of income and poverty to increased investment in the human capital of new cohorts of workers, using a quantitative macroeconomic model with realistic demography. Compared to a baseline in which the rate of human capital investment currently observed in every country remains constant, the paper examines two alternative scenarios: one in which each country experiences a rate of growth of human capital investment...
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تفاصيل
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2018/9/25
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WPS8590
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1
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1
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2018/9/25
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Disclosed
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The Effect of Increasing Human Capital Investment on Economic Growth and Poverty : A Simulation Exercise
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physical capital investment