dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

This paper examines how economic stratification affects inequality and growth over time. It studies economies where …-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into … slower growth in the short run, but to higher output or even productivity growth in the long run. This trade-off occurs in …

epidemic disease such as AIDS. We establish that the disease can severely retard economic growth, even to the point of leading …

technologies and hence favours growth, models focused on precautionary savings reverse this conclusion. We solve, by means of … precautionary savings makes labour more productive in the goods sector and draws resources from education, which is the "growth …

endogenous growth. It examines in particular how these effects depend on the specification of the leisure activity and on the … economic growth are stronger when the human capital sector is a market good. Under these circumstances, a subsidy to human … capital accumulation can offset the direct growth effects of labour taxation, making it akin to a consumption tax. The paper …

prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early … fertility rates and population growth in various regions of the world, enabling economies to convert a larger share of the … fruits of factor accumulation and technological progress into growth of income per capita. This Paper examines various …

This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population …, technology and income per capita in the long transition from an epoch of Malthusian stagnation to sustained economic growth. The …

the effect of inequality on economic growth. It argues that the replacement of physical capital accumulation by human … capital accumulation as a prime engine of economic growth has changed the qualitative impact of inequality on the process of … development. In early stages of industrialization as physical capital accumulation is a prime source of economic growth …

amplify the effect of child quality choice on economic growth. The model generates multiple steady states even though the …