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Growth and Human Capital: A Network Approach

Cavalcanti, Tiago; Giannitsarou, Chryssi - C.E.P.R. Discussion Papers - 2015

We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in education and on average human capital of the...

Persistent link: https://www.econbiz.de/10011201356

Do people care for a sustainable future? Evidence from happiness data.

Bartolini, Stefano; Sarracino, Francesco; Theis, Laurent - Volkswirtschaftliche Fakultät, … - 2014

While the various streams of environmentalism agree in claiming that the current patterns of economic activity are unsustainable for natural resources, they disagree in answering the following question: who is the responsible? Two different answers have been provided: the people or the...

Persistent link: https://www.econbiz.de/10011114438

Inequality, Environmental Protection and Growth

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

We analyse how, in representative democracies, income distribution influences the stringency of environmental policy and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital when old. Externalities are caused by a polluting factor....

Persistent link: https://www.econbiz.de/10005791379

The Poverty of Growth with Interdependent Utility Functions

Salamon, Peter; Komlos, John - Volkswirtschaftliche Fakultät, … - 2005

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.

Persistent link: https://www.econbiz.de/10005649774

How Much Science? The 5 Ws (and 1 H) of Investing in Basic Research

Gersbach, Hans; Schetter, Ulrich; Schneider, Maik - C.E.P.R. Discussion Papers - 2015

The aim of this paper is to identify possibilities for guiding policy in the area of basic research. We provide an extended review of basic research and offer new insights on its linkages to key economic variables and economic growth. After defining what basic research is, we identify and...

Persistent link: https://www.econbiz.de/10011196042

A fair pivotal mechanism for nonpecuniary public goods

Pivato, Marcus - Volkswirtschaftliche Fakultät, … - 2011

The Clarke pivotal mechanism is inappropriate for nonpecuniary public goods, because the assumption of quasilinear … utility is invalid, and because the mechanism gives disproportionate influence to wealthier voters. But by introducing a … mechanism is `fair' in the sense that the voters in different strata all have equal influence (on average) over the outcome …

Persistent link: https://www.econbiz.de/10009359924

Endogenous growth in a model with heterogeneous agents and voting on public goods

Borissov, Kirill; Surkov, Alexander - Volkswirtschaftliche Fakultät, … - 2010

We consider a Barro-type endogenous growth model in which the government’s purchases of goods and services enter into the production function. The provision of government services is financed by flat-rate (linear) income or lump-sum taxes. It is assumed that individuals differing in their...

Persistent link: https://www.econbiz.de/10008764721

A Politico-economic Approach on Public Debt in an Endogenous Growth Economy

Arai, Real; Naito, Katsuyuki - Volkswirtschaftliche Fakultät, … - 2014

We consider an overlapping generations closed economy in which a government finances the cost of public good provision by labor income taxation and/or public debt issuance. The size of these public policies is determined in a repeated probabilistic voting game. We investigate the characteristics...

Persistent link: https://www.econbiz.de/10011107665

Asset-Centred Redistributive Policies for Sustainable Development

Kohler, Pierre - Volkswirtschaftliche Fakultät, … - 2014

The objective of this discussion paper is to propose an asset-centred analytical framework for (i) mapping the most important redistributive policy tools that shape the distribution of income and income-generating assets (such as human capital and wealth, including land, industrial or financial...

Persistent link: https://www.econbiz.de/10011109126

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883