On human capital accumulation in times of epidemic - HAL-SHS - Sciences de l'Homme et de la Société Access content directly
Preprints, Working Papers, ... Year : 2023

On human capital accumulation in times of epidemic


Can a policy-independent epidemic dynamics change agents' optimal consumption-investment decisions and by so much so that an economy based on human capital and labor à la Lucas (1988) would reach a steady state and stagnate instead of thriving and reaching a Balanced Growth Path? We prove here that, under strictly decreasing returns on human capital, the economy will optimally reach a steady state in levels. Conversely, under constant returns, the economy will experience a balanced growth either from the beginning if preferences are logarithmic, or asymptotically otherwise.


Fichier principal
Vignette du fichier
wp_202326_.pdf (287.49 Ko) Télécharger le fichier
Origin : Files produced by the author(s)

Dates and versions

halshs-04164371 , version 1 (18-07-2023)


  • HAL Id : halshs-04164371 , version 1


Stefano Bosi, Carmen Camacho, David Desmarchelier. On human capital accumulation in times of epidemic. 2023. ⟨halshs-04164371⟩
20 View
12 Download


Gmail Facebook Twitter LinkedIn More