Replication data for: Human Capital Formation, Life Expectancy, and the Process of Development
- Cervellati, Matteo
- Sunde, Uwe
AbstractWe provide a unified theory of the transition in income, life expectancy, education, and population size from a nondeveloped environment to sustained growth. Individuals optimally trade off the time cost of education with its lifetime returns. Initially, low longevity implies a prohibitive cost for human capital formation for most individuals. A positive feedback loop between human capital and increasing longevity, triggered by endogenous skill-biased technological progress, eventually provides sufficient returns for widespread education. The transition is not based on scale effects and induces population growth despite unchanged fertility. A simulation illustrates that the dynamics fit historical data patterns.
Is supplement to
DOI: 10.1257/000282805775014380 (Text)
Cervellati, Matteo, and Uwe Sunde. “Human Capital Formation, Life Expectancy, and the Process of Development.” American Economic Review 95, no. 5 (November 2005): 1653–72. https://doi.org/10.1257/000282805775014380.
- ID: 10.1257/000282805775014380 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06