Showing 1 - 9 of 9
This Paper examines why developed countries are monogamous while rich men throughout history have tended to practice polygyny (multiple wives). Wealth inequality naturally produces multiple wives for rich men in a standard model of the marriage market where polygyny is not ruled out. Our model...
Persistent link: https://www.econbiz.de/10005123932
. The prediction of the theory regarding the adverse effect of the concentration of land ownership on education expenditure …
Persistent link: https://www.econbiz.de/10005124357
Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such consumption patterns seem to be related to the persistence of...
Persistent link: https://www.econbiz.de/10005504622
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population … theory suggests that prolonged economic stagnation prior to the transition to sustained growth stimulated natural selection …
Persistent link: https://www.econbiz.de/10005666934
This paper examines how economic stratification affects inequality and growth over time. It studies economies where heterogenous agents interact through local public goods or externalities (school funding, neighbourhood effects) and economy-wide linkages (complementary skills, knowledge...
Persistent link: https://www.econbiz.de/10005666953
This paper presents a unified theory that provides an intertemporal reconciliation between conflicting viewpoints about …
Persistent link: https://www.econbiz.de/10005666981
This Paper develops a theory of fertility and child educational choice that offers an explanation for the persistence …
Persistent link: https://www.econbiz.de/10005667134
The distribution of human capital and income lies at the center of a nexus of forces that shape a country’s economic, institutional and technological structure. I develop here a unified model to analyse these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10005661547
This paper develops a simple model of human capital accumulation and community formation by heterogeneous families, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions emerge. First, minor differences in education...
Persistent link: https://www.econbiz.de/10005661649