Similar Search Results

Population, Technology and Growth: From the Malthusian Regime to the Demographic Transition

Galor, Oded; Weil, David - C.E.P.R. Discussion Papers - 1998

This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....

Persistent link: https://www.econbiz.de/10005662118

From Malthusian Stagnation to Modern Growth

Galor, Oded; Weil, David - C.E.P.R. Discussion Papers - 1999

This paper examines the historical evolution of the relationship between population growth, technological change, and the standard of living. It considers several unified models that encompass the transition between three distinct regimes that have characterized the process of economic...

Persistent link: https://www.econbiz.de/10005791656

The Gender Gap, Fertility and Growth

Galor, Oded; Weil, David - C.E.P.R. Discussion Papers - 1995

This paper examines a novel mechanism linking fertility and growth. There are three components to the model. First … to men's. Second, increasing women's relative wages reduces fertility by raising the cost of children more than household … income. Third, lower fertility raises the level of capital per worker. This positive feedback loop generates a demographic …

Persistent link: https://www.econbiz.de/10005498148

Two Views of Inequality Over the Life-Cycle

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004

Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious information for answering questions about the ability of households to insure labor market risk and about the sources of this risk. This Paper demonstrates that the choice of whether...

Persistent link: https://www.econbiz.de/10005662083

Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005

This paper analyses the welfare effects of changes in cross-sectional wage dispersion, using a class of tractable heterogeneous-agent economies. We emphasize a trade-off in the welfare calculation that arises when labour supply is endogenous. On the one hand, as wage uncertainty rises, so does...

Persistent link: https://www.econbiz.de/10005123728

The Cross-Sectional Implications of Rising Wage Inequality in the United States

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004

This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross-sectional distributions of hours worked, consumption and earnings. From 1967 to 1996 cross-sectional dispersion of earnings increased more than wage dispersion, due to a rise in the...

Persistent link: https://www.econbiz.de/10005656181

Consumption and Labour Supply with Partial Insurance: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2007

This paper develops an analytical framework to study consumption and labour supply in a rich class of heterogeneous-agent economies with partial insurance. The environment allows for trade in non-contingent and state-contingent bonds, for permanent and transitory idiosyncratic productivity...

Persistent link: https://www.econbiz.de/10005114147