Bassetti, Thomas and Favaro, Donata (2009): A growth model with time allocation and social participation.
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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|
|Keywords:||human capital; growth; socio-political participation; social groups; gender|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J22 - Time Allocation and Labor Supply
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
|Depositing User:||Donata Favaro|
|Date Deposited:||30. Jun 2009 09:01|
|Last Modified:||12. Feb 2013 00:14|
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