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We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...
Persistent link: https://www.econbiz.de/10011439186
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...
Persistent link: https://www.econbiz.de/10012995928
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...
Persistent link: https://www.econbiz.de/10011555100
It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its negative effect on labor supply. There are, however, theoretical arguments suggesting that the effect of falling fertility on effective labor supply can be offset by associated...
Persistent link: https://www.econbiz.de/10009537238
The positive cross-country correlation between health and economic growth is well-established, but the underlying mechanisms are complex and difficult to discern. Three issues are of central concern. First, assessing and disentangling causality between health and economic growth is empirically...
Persistent link: https://www.econbiz.de/10012906529
Persistent link: https://www.econbiz.de/10014631489
freedoms and tolerance. It is argued that tolerance is essential for innovation because its creates an open environment where … creativity and knowledge spillovers. However, mixed empirical evidence suggests that the relationship between tolerance and …-investigates whether and to which extent notions of social and institutional trust affect the impact of tolerance on innovation using an …
Persistent link: https://www.econbiz.de/10012957833
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...
Persistent link: https://www.econbiz.de/10012156427
Persistent link: https://www.econbiz.de/10012489365
Persistent link: https://www.econbiz.de/10014321634