This paper uses a model with overlapping generations to demonstrate that human capital accumulation can potentially attenuate factor price movements in response to birth rate shocks. Specifically, we show that if education spending per child is inversely related to the size of the generation,...

This paper investigates the impact of working while in school on learning outcomes through the use of a unique micro panel dataset of students in the São Paulo municipal school system. The potential endogeneity of working decisions and learning outcomes is addressed through the use of a...

Will an aging population lower economic growth? Economists are generally concerned that the increase in life expectancy could lower economic growth, however, theory does not make a prediction. As life expectancy increases, so should household savings, which results in more physical capital per...