Screening and Economic Growth
作者： Bernhard Eckwert , Itzhak Zilcha
DOI: 10.1016/B978-0-12-803190-2.00004-2
关键词: Human capital 、 Innate intelligence 、 Risk sharing 、 Educational investment 、 Economics 、 Process (engineering) 、 Welfare 、 Overlapping generations model 、 Public economics 、 Public information
摘要: We analyze an OLG model where agents differ by their random innate abilities. Young are screened for abilities and the screening signals represent public information that affects educational investment decisions. find in presence of risk sharing markets better may be harmful if highly averse. Moreover, conditions derived under which enhances or obstructs human capital accumulation process.
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