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      <record key="001" att1="001" value="152214" att2="152214">001   152214</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/eco/es-152.pdf</field>
      <field key="079" subkey="z">Stark, Oded - et al., The Intergenerational Overlap and Human Capital Formation (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/152.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 152 (RePEc)</field>
      <field key="100" subkey="">Stark, Oded</field>
      <field key="103" subkey="">University of Bonn and University of Vienna</field>
      <field key="104" subkey="a">Wang, Yong</field>
      <field key="107" subkey="">City University of Hong Kong</field>
      <field key="331" subkey="">The Intergenerational Overlap and Human Capital Formation</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="">2004, March</field>
      <field key="433" subkey="">17 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 152</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: The idea; The analytical framework; The effect of an extended intergenerational overlap on human</field>
      <field key="cap" subkey="i">tal formation; The welfare effect of an extended intergenerational overlap; Complementary reflections; Appendix;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 152</field>
      <field key="700" subkey="">D91</field>
      <field key="700" subkey="">J24</field>
      <field key="720" subkey="">Duration of intergenerational overlap</field>
      <field key="720" subkey="">Parental support</field>
      <field key="720" subkey="">Human capital formation</field>
      <field key="720" subkey="">Social welfare</field>
      <field key="753" subkey="">Abstract: We propose a new microeconomic explanation for the divergent experiences of economies in forming human capital. We</field>
      <field key="sug" subkey="g">est that the positive effect of a longer life expectancy on human capital formation arises from two separate effects: a</field>
      <field key="lif" subkey="e">-expectancy effect and a prolonged intergenerational overlap effect. We argue that the duration of the overlap between</field>
      <field key="gen" subkey="e">rations and the associated parental support can affect the marginal cost of human capital formation and hence its level:</field>
      <field key="par" subkey="e">ntal support is cheaper than market financing. We thus attribute the strong correlation between the formation of human</field>
      <field key="cap" subkey="i">tal and life expectancy not merely to a higher marginal benefit arising from a longer payback period but also to a lower</field>
      <field key="mar" subkey="g">inal cost arising from a prolonged intergenerational overlap. We provide conditions under which a longer overlap results in a</field>
      <field key="hig" subkey="h">er level of per-capita output.;</field>
    </SEQUENTIAL>
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