growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart …-Krusell preferences (Boppart and Krusell (2020)). On the supply side, economic growth is due to the expansion of consumption … may fluctuate between two growth regimes, one with and the other without an active research sector. Fluctuations affect …

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … find that a smaller long-run growth rate may be associated with a smaller capital-income ratio. Hence, the key implication … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the …

change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor …

-saving in the sense of Acemoglu (2010). Nevertheless, labor scarcity induces labor productivity growth. There is a weak but no …