Showing 1 - 10 of 11
This Paper develops a theory of fertility and child educational choice that offers an explanation for the persistence … human capital. As a result, the poor choose high fertility rates with low education investment and therefore, their … offspring are poor as well. Furthermore, the high fertility rates in poor economies dilute physical capital accumulation and …
Persistent link: https://www.econbiz.de/10005667134
This essay surveys macroeconomic issues that marked the transition from centrally planned to market economy in Central and Eastern European and former Soviet Union countries. We first establish a set of stylized facts of the transition so far, namely: (1) output fell, (2) capital shrank, (3)...
Persistent link: https://www.econbiz.de/10005114235
fertility rates and population growth in various regions of the world, enabling economies to convert a larger share of the …
Persistent link: https://www.econbiz.de/10005662096
This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history....
Persistent link: https://www.econbiz.de/10005136732
This Paper examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per capita, technology, and population over the course...
Persistent link: https://www.econbiz.de/10005497992
This research advances an evolutionary growth theory that captures the pattern of life expectancy in the process of development, shedding new light on the sources of the remarkable rise in life expectancy since the Agricultural Revolution. The theory suggests that social, economic and...
Persistent link: https://www.econbiz.de/10005498168
This article challenges conventional wisdom by arguing that greater longevity cannot explain the significant accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children’s future income proportionally at all levels of...
Persistent link: https://www.econbiz.de/10005666793
initial conditions. The degree of marital sorting, wage inequality, per capita income and fertility differentials are …
Persistent link: https://www.econbiz.de/10005123829
fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …
Persistent link: https://www.econbiz.de/10005504520
Persistent link: https://www.econbiz.de/10010480473