This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …

income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to … with only moderately higher lifetime income compared to compulsory education, and the entire difference is due to …

device for improving the human capital of the children and grandchildren of migrants as measured by their education. In this … migration by taking into account the correct counter-factual – the generational education gains that would have taken place if …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital … continuous growth at an asymptotically steady rate as an alternative. We show that a society can escape from the poverty trap … into a condition of continuous growth through a program of taxes and transfers. Temporary inequality is a necessary …

China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level … have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young (2003 …

profiles along the life cycle which is written as a linear factor model in which levels, growth and curvature of earnings …