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      <record key="001" att1="001" value="LIB907767308" att2="LIB907767308">001   LIB907767308</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/ihsfo/fo328.pdf</field>
      <field key="079" subkey="z">Galor, Oded - et al., Life Expectancy, Human Capital Formation, and Per-Capita Income (pdf)</field>
      <field key="100" subkey="">Galor, Oded</field>
      <field key="103" subkey="">Department of Economics, Brown University, Providence, Rhode Island, USA</field>
      <field key="104" subkey="a">Stark, Oded</field>
      <field key="107" subkey="">Department of Economics, Harvard University, Cambridge, Massachusetts, USA</field>
      <field key="331" subkey="">Life Expectancy, Human Capital Formation, and Per-Capita Income</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1993, July</field>
      <field key="433" subkey="">16 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Forschungsberichte; 328</field>
      <field key="461" subkey="">Research Memorandum</field>
      <field key="544" subkey="">IHSFO 328</field>
      <field key="753" subkey="">Abstract: We construct a microeconomic-based model that provides a causal relationship between life expectancy, human capital</field>
      <field key="for" subkey="m">ation, and per-capita income. Our central idea is that the timing of intergenerational transfers affects human capital</field>
      <field key="for" subkey="m">ation. We demonstrate that in an economy where life expectancy is long and the parental transfer to the offspring of the</field>
      <field key="fam" subkey="i">ly's productive resource - land - takes place late in life, individuals invest more in human capital formation than if life</field>
      <field key="exp" subkey="e">ctancy is short and the parental transfer takes place early in life. Since the timing of the transfer of familial assets is</field>
      <field key="not" subkey="">known with certainty, a decision to invest in human capital formation must factor in the possibility that acquired human</field>
      <field key="cap" subkey="i">tal will not be used or that it will be used only a little. That is, if the earnings arising from combining labor with a</field>
      <field key="pro" subkey="d">uctive physical asset - land - are higher than the earnings arising from assetless application of labor amplified by human</field>
      <field key="cap" subkey="i">tal, the individual will switch from the latter application to the former engagement and this possible shift has to be</field>
      <field key="con" subkey="s">idered when making the decision to acquire human capital. The productivity implications arising from human capital formation</field>
      <field key="beh" subkey="a">vior are such that (economy-wide) per-capita income is higher when parental life expectancy is longer.;</field>
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