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Is Human-Capital Acquisition Optimizing Behaviour? A Life-cycle Analysis
, Errol D’souza
Published in iimidr.ac.in
Pages: 1 - 32

This study develops a mathematical model to replicate the empirical findings of child-labour and differential levels of human-capital acquisition for different income groups. The study explores income groups with different levels of financial access and human-capital investment options and examines a two-generation, seventy periods’ life-cycle problem of an altruistic parent valuing the human-capital of his offspring and facing competing challenges of his consumption needs during working life and retirement. The problem is solved using dynamic programming where life-cycle profiles are generated using simulations. This study contributes by integrating the empirical literature on child-labour with the literature on intergenerational set-up and risk.

About the journal
Open AccessNo
Concepts (2)
  •  related image
    Child labour
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    Human capital