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We set up an open-economy, three-country version of the endogenous- mortality model of Lagerloef (forthcoming in the International Economic Review). The model is calibrated to pre-industrial mortality data from England, France and Sweden. Fitting parameters to match observed rates of correlation...
Persistent link: https://www.econbiz.de/10005412676
This paper examines the relationship between fertility and human capital investment, and it’s implications for economic growth, focusing on the e ects of declining mortality. Unlike the existing literature, this paper stresses the role of uncertainty about the number of surviving children. If...
Persistent link: https://www.econbiz.de/10005126196
We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We construct a model in which individuals make labor/leisure choices over their lifetimes subject to uncertainty about their date of death. In an environment in which mortality is...
Persistent link: https://www.econbiz.de/10005126354
in each child. Once mortality is endogenized, population growth becomes a hump-shaped function of income per capita. At … low levels of income population growth rises as income per capita rises leading to a Malthusian steady-state equilibrium …, whereas at high levels of income population growth declines leading to a sustained growth steadystate equilibrium. …
Persistent link: https://www.econbiz.de/10005412569
suggests China’s continued economic rise. If talent is randomly distributed in the world population and if agglomeration of …
Persistent link: https://www.econbiz.de/10005062447
population and if agglomeration of talent is important, then the odds are strongly in China’s favor. …
Persistent link: https://www.econbiz.de/10005556063
The study of the stylized facts of economic growth has allowed an advance of this field of economic analysis in its empirical and theorical works. Today, Health Economics is faced with new requirements of society, i.e. better care at a sustainable cost. Furthermore, since the problems linked...
Persistent link: https://www.econbiz.de/10005076927
During the 52 years between the Unification of the Kingdom of Italy and World War 1, the lira was legally convertible into metal for a limited period of time. Although not formally committed to gold, the lira exchange towards the gold standard countries proved remarkably stable,...
Persistent link: https://www.econbiz.de/10005408387
Using recent economic statistics from the peak period of Byzantine political and economic influence, we estimate the average income around the year 1000 to have been about 6 nomismata per capita per annum. This is then translated into current prices using two independent methods. They both yield...
Persistent link: https://www.econbiz.de/10005125850
We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into an advanced and despotic early civilization, and finally into a more egalitarian industrial society. Agents are either landowners or landless; both earn income from human...
Persistent link: https://www.econbiz.de/10005076730