HUMAN-CAPITAL, FERTILITY, AND ECONOMIC-GROWTH
HUMAN-CAPITAL, FERTILITY, AND ECONOMIC-GROWTH
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DOI：
10.1086/261723
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发表时间：
1990-10-01
影响因子：
8.2
通讯作者：
TAMURA, R
中科院分区：
文献类型：
--
作者：
BECKER, GS;MURPHY, KM;TAMURA, R
我们对增长的分析假设内生生育率和人力资本回报率随着人力资本存量的增加而上升。当人力资本充足时，人力资本投资的回报率相对于儿童的回报率高，而当人力资本稀缺时，人力资本的回报率相对于儿童的回报率低。因此，人力资本有限的社会选择大家庭，对每个成员的投资很少；那些拥有丰富人力资本的国家则恰恰相反。这导致了两个稳定的稳定状态。一个是大家庭，人力资本少；另一种家庭规模较小，人力和物质资本可能正在增长。
Our analysis of growth assumes endogenous fertility and a rising rate of return on human capital as the stock of human capital increases. When human capital is abundant, rates of return on human capital investments are high relative to rates of return on children, whereas when human capital is scarce, rates of return on human capital are low relative to those on children. As a result, societies with limited human capital choose large families and invest little in each member; those with abundant human capital do the opposite. This leads to two stable steady states. One has large families and little human capital; the other has small families and perhaps growing human and physical capital.