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Optimal Investment in Human Capital under Conditions of Nonstable Population

The paper analyses optimal investment in physical and human capital when the (exogenous) rate of population growth changes. The growth model describes a closed economy with overlapping generations and homogeneous human capital. The optimal growth path is characterized by two groups of optimality... Full description

1st Person: van Imhoff, Evert
Source: in The journal of human resources Vol. 24, No. 3 (1989), p. 414-432
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Type of Publication: Article
Language: English
Published: 1989
Keywords: research-article
Online: Volltext
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