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Okullaşma, Risk Alma Eğilimi ve Büyüme

Schooling, Risk Attitude and Growth

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Abstract (2. Language): 
This paper tries to provide a mechanism between risk attitude (or simple curvature of utility function) on schooling and the economic growth path. Schooling or education is used as an example of investment that may depend on the risk attitude of economic agents. The main findings are as follows: (i) an increasing rate of risk aversion implies a decreasing rate of growth; (ii) a constant rate of risk aversion means that there exists at least one steady state growth path; and (iii) a decreasing rate of risk aversion implies that there is an upper bound on the growth rate within one generation.
Abstract (Original Language): 
Bu makale tüketicilerin eğitim konusunda risk almasıyla ekonomik büyüme arasında olası bir bağlantının mekanizmasını vermeye çalışıyor. Okullaşma oranı ya da eğitim bir beşeri sermayayi oluşturan yatırımdır ve ekonomik ajanların risk alma konusundaki tutumlarına bağlıdır. Makalenin ana bulguları şunlardır: (i) risk almama oranı arttıkça büyüme oranı azalmaktadır; (ii) sabit bir risk alma oranı en az bir durağan denge yolu olduğu anlamına geliyor; (iii) azalan bir risk almama oranı bir jenerasyon içinde büyüme oranının bir üstten bir sınırı olacağını öngörür.

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REFERENCES

References: 

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