uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …

evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …

individual choices. Finally, we show that our results are robust to the introduction of growth dynamics based on physical or …

We present a model in which two of the most important features of the long-run growth process are reconciled: the … massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that …

growth. A summary of what we learn from the econometric results concludes the paper. …