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Author:Bala, V.
Sorger, G.
Title:The evolution of human capital in an interacting agent economy
Journal:Journal of Economic Behavior and Organization
1998 : JUL, VOL. 36:1, p. 85-108
Index terms:HUMAN CAPITAL
GROUP DYNAMICS
ROLES
AGENCIES
Language:eng
Abstract:This paper considers a dynamic spatial model of human capital accumulation in the presence of local spillovers in learning. The results provide conditions unders which heterogeneous and homogeneous steady states exist and are locally stable. The model also considers the impact of role models and mentors and indicates when they can have a positive/negative impact upon a steady state human capital levels.
SCIMA record nr: 179285
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