Human Capital Facts and SEGM
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10 Terms
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new capital accumulation equation
add ht^theta
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what is theta
modulates effect of avg human capitla
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equatioin for ht
e^betalht
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what is lht
share of life spent in school
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What is Nt
total working age population
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What is the method to find growth rate
same log method as before
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New graph of model
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Do the growth rates change
no they stay the same as education causes level effect
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What is Mincerian return
10 % wage increase for each year of schooling
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Note 
Flashcards (37)