Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - 2013
human welfare? Our welfare index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We … construct and calibrate a multigenerational model with intertemporal links provided by education, physical capital, knowledge … labor resources devoted to the creation of knowledge relative to the reference level, whereas the fractions of labor …