Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10014501123
Persistent link: https://www.econbiz.de/10009744163
Persistent link: https://www.econbiz.de/10009702972
Persistent link: https://www.econbiz.de/10009563069
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...
Persistent link: https://www.econbiz.de/10011716310
Persistent link: https://www.econbiz.de/10011754351
All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for...
Persistent link: https://www.econbiz.de/10011763625
Persistent link: https://www.econbiz.de/10011833384
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...
Persistent link: https://www.econbiz.de/10012156427
Persistent link: https://www.econbiz.de/10012123328