Economic implications of better information in a dynamic framework

Eckwert B, Zilcha I (2004)
ECONOMIC THEORY 24(3): 561-581.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
Download
Es wurde kein Volltext hochgeladen. Nur Publikationsnachweis!
Autor/in
;
Abstract / Bemerkung
We consider an OLG model with accumulation in human capital and analyze the economic implications of information about individual skills. Agents in each period differ by the random innate ability assigned to each individual. When young, all agents are screened for their abilities and this screening process (signal) constitutes a public information which is used in choosing the level of private investment in education. We demonstrate that in the presence of risk sharing markets better information may be harmful for all in equilibrium, and find conditions under which better information either enhances growth or reduces growth.
Stichworte
information system; human capital accumulation; risk sharing markets
Erscheinungsjahr
2004
Zeitschriftentitel
ECONOMIC THEORY
Band
24
Ausgabe
3
Seite(n)
561-581
ISSN
0938-2259
eISSN
1432-0479
Page URI
https://pub.uni-bielefeld.de/record/1608012

Zitieren

Eckwert B, Zilcha I. Economic implications of better information in a dynamic framework. ECONOMIC THEORY. 2004;24(3):561-581.
Eckwert, B., & Zilcha, I. (2004). Economic implications of better information in a dynamic framework. ECONOMIC THEORY, 24(3), 561-581. doi:10.1007/s00199-004-0503-7
Eckwert, B., and Zilcha, I. (2004). Economic implications of better information in a dynamic framework. ECONOMIC THEORY 24, 561-581.
Eckwert, B., & Zilcha, I., 2004. Economic implications of better information in a dynamic framework. ECONOMIC THEORY, 24(3), p 561-581.
B. Eckwert and I. Zilcha, “Economic implications of better information in a dynamic framework”, ECONOMIC THEORY, vol. 24, 2004, pp. 561-581.
Eckwert, B., Zilcha, I.: Economic implications of better information in a dynamic framework. ECONOMIC THEORY. 24, 561-581 (2004).
Eckwert, Bernhard, and Zilcha, Itzhak. “Economic implications of better information in a dynamic framework”. ECONOMIC THEORY 24.3 (2004): 561-581.