Showing 1 - 10 of 13
We examine the relationship of banking crises with economic growth and recessions. Our data cover 21 economies from around the world, most from 1870 to 2009 with the rest starting in 1901 or earlier. The data include capital investment and human capital formation. We have two major findings....
Persistent link: https://www.econbiz.de/10011259781
This paper introduces new estimates of physical capital and land for the states of the United States covering up to 150 years, from 1850{2000. The estimates of physical capital are decomposed into estimates for agriculture, manufacturing, and a residual sector, while the estimates of land are...
Persistent link: https://www.econbiz.de/10009246873
This paper presents new estimates of the benets of equal education opportunity for blacks over the period 1820-2000. For the better part of US history, blacks have enjoyed less access to schooling for their children than whites. This paper attempts to quantify the value of this discrimination....
Persistent link: https://www.econbiz.de/10011108263
We present a model capable of explaining 200 years of declining fertility, 200 years of rising educational achievement and a significant Baby Boom for the United States and twenty other industrialized market countries. We highlight the importance of secularly declining young adult mortality risk...
Persistent link: https://www.econbiz.de/10011109532
We present new data on real output per worker, schooling per worker, human capital per worker, real physical capital per worker for 168 countries. The output data represent all available data from Maddison. The physical capital data represent all available data from Mitchell. One major...
Persistent link: https://www.econbiz.de/10011110184
We present a general equilibrium dynamic model that characterizes the gap between optimal and equilibrium fertility and investment in human capital. In the model, the aggregate production function exhibits increasing returns to population arising from specialization but households face the...
Persistent link: https://www.econbiz.de/10011111519
This extended data appendix describes the sources and methods used to construct the data used in our paper "Economic Growth in the Long Run."
Persistent link: https://www.econbiz.de/10011114018
This paper creates a new data set on physical capital at the state level for the United States from 1840 - 2000. Combining these new data with state level human capital and output data enables us to estimate the contribution of aggregate input growth and total factor productivity (TFP) growth to...
Persistent link: https://www.econbiz.de/10005620113
Children born to unmarried parents may receive lower human capital investments in youth, leading to higher levels of criminal activity as adults. Therefore, unmarried fertility may be positively associated with future crime. On the other hand, in an environment in which social stigma attached to...
Persistent link: https://www.econbiz.de/10005621458
We present new data documenting the secular decline in fertility in the states of the United States, the dramatic convergence in fertility, child schooling, parental schooling, survival probabilities. In addition we document the disparate nature of the Baby Boom in the United States. There were...
Persistent link: https://www.econbiz.de/10005621631