Author： Lucas Jr. Robert E.
Publisher： American Economic Association
ISSN： 0002-8282
Source： The American Economic Review, Vol.105, Iss.5, 2015-05, pp. : 85-88
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Abstract
This paper describes a growth model with the property that human capital accumulation can account for all observed growth. The model is shown to be consistent with evidence on individual productivities as measured by census earnings data. The central hypothesis is that we learn more when we interact with more productive people.
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