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Cities and the growth of wages among young workers : evidence from the NLSY

Wheeler, Christopher H. (contributor) - 2005

"Human capital-based theories of cities suggest that large, economically diverse urban agglomerations increase worker productivity by increasing the rate at which individuals acquire skills. One largely unexplored implication of this theory is that workers in big cities should see faster growth...

Persistent link: https://www.econbiz.de/10002995300

Population growth and asset prices

Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1997

This paper explores the theoretical relationship between the population growth rate and asset prices implied by an … overlapping-generations model. The model shows that changes in a population's age distribution affect asset prices but such … magnitude of the relationship but does not change the sign or timing of the relationship between a population's age distribution …

Persistent link: https://www.econbiz.de/10005360624

The baby boom and economic growth

Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1994

This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of capital accumulation and economic growth as the baby boom passes through the U.S. economy. The model predicts that a baby boom causes a temporary decline of the capital-labor ratio. The...

Persistent link: https://www.econbiz.de/10005707794