Model of Human Capital Total output Y=F(K H )=F(KhL) y =F(k h)=Ak, The resource constraint:c+y k41=(1-6)k,+i → h1=(1-66)h,+ 00 The social planners problem:max(c) 1=0 St.C,+k1+h1≤F(k,h,)+(1-6)k,+(1-δh)h, 电子科大经管学院马捷 9 元元元Model of Human Capital 电子科大经管学院 马捷 9 t t t t t k t h t t t t h t h t t k t k t t t h t k t t t t t t t t t t t t s t c k h F k h k h u c h h i k k i c i i y y F k h Ak Y F K H F K h L . . ( , ) ( 1 ) ( 1 ) The social planners problem: max ( ) ( 1 ) ( 1 ) The resource constraint : ( , ) ( , ) ( , ) Total output 1 1 0 1 1                                         