{"title":"增加人力资本投资对经济增长和贫困的影响:一个模拟练习","authors":"M. Collin, D. Weil","doi":"10.1086/708195","DOIUrl":null,"url":null,"abstract":"We examine 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. Higher investment leads to significant improvements, although phase-in takes considerable time. Gains are largest in poor countries. We argue in the context of our model that investing in people is more cost effective than investing in physical capital as a means to achieve specified income or poverty goals. We also study the effect of higher human capital on fertility and the follow-on effects of lower fertility on income.","PeriodicalId":46011,"journal":{"name":"Journal of Human Capital","volume":"14 1","pages":"43 - 83"},"PeriodicalIF":1.6000,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/708195","citationCount":"45","resultStr":"{\"title\":\"The Effect of Increasing Human Capital Investment on Economic Growth and Poverty: A Simulation Exercise\",\"authors\":\"M. Collin, D. Weil\",\"doi\":\"10.1086/708195\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We examine 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. Higher investment leads to significant improvements, although phase-in takes considerable time. Gains are largest in poor countries. We argue in the context of our model that investing in people is more cost effective than investing in physical capital as a means to achieve specified income or poverty goals. We also study the effect of higher human capital on fertility and the follow-on effects of lower fertility on income.\",\"PeriodicalId\":46011,\"journal\":{\"name\":\"Journal of Human Capital\",\"volume\":\"14 1\",\"pages\":\"43 - 83\"},\"PeriodicalIF\":1.6000,\"publicationDate\":\"2018-09-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1086/708195\",\"citationCount\":\"45\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Human Capital\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1086/708195\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Human Capital","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1086/708195","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
The Effect of Increasing Human Capital Investment on Economic Growth and Poverty: A Simulation Exercise
We examine 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. Higher investment leads to significant improvements, although phase-in takes considerable time. Gains are largest in poor countries. We argue in the context of our model that investing in people is more cost effective than investing in physical capital as a means to achieve specified income or poverty goals. We also study the effect of higher human capital on fertility and the follow-on effects of lower fertility on income.
期刊介绍:
Journal of Human Capital is dedicated to human capital and its expanding economic and social roles in the knowledge economy. Developed in response to the central role human capital plays in determining the production, allocation, and distribution of economic resources and in supporting long-term economic growth, JHC is a forum for theoretical and empirical work on human capital—broadly defined to include education, health, entrepreneurship, and intellectual and social capital—and related public policy analyses. JHC encompasses microeconomic, macroeconomic, and international economic perspectives on the theme of human capital. The journal offers a platform for discussion of topics ranging from education, labor, health, and family economics.