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The institution of slavery is found mostly at intermediate stages of agricultural development and less often among hunter-gatherers and advanced agrarian societies. We explain this pattern in a growth model with land and labour as inputs in production and an endogenously determined property...
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We propose that per-capita income gaps across US states and Canadian provinces can be explained by university education. Our ordinary least-squares regressions show university education having a robust positive and significant effect on per-capita incomes, when controlling for, e.g. taxes,...
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Abstract: The long-run growth model of Galor and Weil (AER 2000) is examined quantitatively. We first give parametric forms to some functions which were only given on general form in the original article. We then choose numerical parameter values in line with calibrations of related long-run...
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We set up a model of economic and demographic long-run development, where inequality in income and reproductive success (polygynous mating) plays a central role. The model generates a slow and gradual compression of the income gap between landholders and landless, together with rising levels of...
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