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| Author: | Perera-Tallo, F. |
| Title: | Missing markets for human capital and differences in growth |
| Journal: | Economica
2005 : MAY, VOL. 72:286, p. 241-265 |
| Index terms: | Economic growth Growth theory Human capital |
| Language: | eng |
| Abstract: | This article develops a generational structure which implies that the return on human capital exceeds the return on physical capital in equilibrium. Thus, if the return on human capital differs internationally, the growth rates of consumption and GNP vary across countries, even with free capital mobility. |
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