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Abstract

In this article we propose a model of growth with human capital accumulation, in which individuals allocate their time among work, education and socio-political participation. Socio-political participation, while subtracting time to education, positively affects individual’s utility; the utility function depends on both consumption and time allocated to socio-political participation. The model is expanded to include two social groups, specifically women and men, whose values and targets are different; every individual engages in socio-political activities to socially establish the values of the group she-he belongs to and his utility will be greater the more the society has values similar to those of the belonging group. The model predicts that economies with a more egualitarian presence of females and males in employment and higher population growth rates converge to a stationary state where time allocated to working activities is lower and time for education is higher. We simulate the model on some European countries with different female-male employment rates, population growth rates and capital shares. Simulations confirm the empirical evidence: European countries with a more equal presence of women and men in the labour market experience higher education attainment rates, allocate a higher proportion of time to social participation, and work, on average, a lower number of hours than countries with a lower relative proportion of females in employment.



Item Type: MPRA Paper -

Original Title: A growth model with time allocation and social participation-

Language: English-

Keywords: human capital; growth; socio-political participation; social groups; gender-

Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic DevelopmentJ - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J22 - Time Allocation and Labor SupplyJ - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity-





Autor: Bassetti, Thomas

Fuente: https://mpra.ub.uni-muenchen.de/15969/







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