Human capital and consumation over the live cycle: a synthesis

This paper presents a life cycle model that contains the Beckers (1975) and Heckmans (1976) models as special cases. Contrary to the previous literature, the model can explain the life cycle hypothesis and the maximum in the consumption profile without appealing to the rupture of typical neoclassica...

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Bibliographic details
Main Author: Serrano, Lluis Diaz
Albelo, Carmen Alvarez
Format: Paper
Language: English
Place of publication: 1998
Related: Universitat de Barcelona. Espai de Recerca en Economia
Data of publication: 1998
Series: Working Papers in Economics
Online Access: available in Bonn?
Database: RePEc IDEAS
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