DEATH AND CAPITAL
| Autor: | Shankha Chakraborty, Mausumi Das |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Economics and Econometrics
media_common.quotation_subject 05 social sciences Developing country Investment choice Investment (macroeconomics) Human capital Altruism Shock (economics) Capital (economics) 0502 economics and business Value (economics) Economics Demographic economics 050207 economics health care economics and organizations 050205 econometrics media_common |
| Zdroj: | Macroeconomic Dynamics. 25:1472-1494 |
| ISSN: | 1469-8056 1365-1005 |
| Popis: | In a life-cycle model with dynastic households, parents value the transfer of tangible assets to their offspring in the event of premature death. This raises the subjective reward from investing in them relative to intangible human capital and tilts investment choice away from the latter. These effects of mortality on human capital risk and relative investment can translate into divergent growth paths, delayed transition from physical to human capital accumulation, and a dampened response to mortality shock in developing countries. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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