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Presidente, Giorgio - 2019

This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in … a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation …. The relationship between institutions and robots is stronger in sunk cost-intensive industries, where producers are more …

Persistent link: https://www.econbiz.de/10012103580

Religion and growth

Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023

, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial … unleashing technological change and through rituals, legal institutions, political economy, and conflict. Synthesizing a disjoint …

Persistent link: https://www.econbiz.de/10014383297

Engineering growth : innovative capacity and development in the Americas

Maloney, William F.; Caicedo, Felipe Valencia - 2017

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...

Persistent link: https://www.econbiz.de/10011602763

Automation, economic growth, and the labor share - a comment on Prettner (2019)

Heer, Burkhard; Irmen, Andreas - 2019 - This Version: June 24, 2019

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...

Persistent link: https://www.econbiz.de/10012031062

Distribution and growth in an economy with limited needs

Saint-Paul, Gilles - 2001

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

Persistent link: https://www.econbiz.de/10011398011

Does public education expansion lead to trickle-down growth?

Böhm, Sebastian; Grossmann, Volker; Steger, Thomas M. - 2014

The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive public expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth...

Persistent link: https://www.econbiz.de/10010417999

Factor income distribution and endogenous economic growth : when Piketty meets Romer

Irmen, Andreas; Tabaković, Amer - 2016

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its capital-income ratio, and its factor income distribution put forth in his recent book Capital in the Twenty-First Century. We find that a smaller long-run growth rate may be...

Persistent link: https://www.econbiz.de/10011568791

Inequality and growth : the dual role of human capital in development

Eicher, Theo S. - 2000

To examine how human capital accumulation influences both economic growth and income inequality, we carefully endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how both relate to learning-by-doing and R&D intensity. In...

Persistent link: https://www.econbiz.de/10009781636

Anonymity, efficiency wages and technological progress

Broadberry, Stephen N.; Ghosal, Sayantan; Proto, Eugenio - 2016

Although the Industrial Revolution is often characterized as the culmination of a process of commercialisation, the precise nature of such a link remains unclear. This paper provides an analysis of one such link: the role of commercialisation in raising wages as impersonal labour market...

Persistent link: https://www.econbiz.de/10011482655

Population, pensions, and endogenous economic growth

Heer, Burkhard (contributor); Irmen, Andreas (contributor) - 2008

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...

Persistent link: https://www.econbiz.de/10003791799