increasing education and declining labor supply (of cohorts born 1850-1950) as an optimal response to increasing active life …-run economic development. -- longevity ; active life expectancy ; education ; hours worked ; economic growth. …

firms. In so doing we integrate a micro-founded education and fertility decision of households into a model of international … in the education level of its population, ii) the export share of a country decreases in the birth rate of its population …, iii) the average profitability of firms increases in the education level of a country, iv) the average profitability of …

the form of in-kind collective expenditure (e.g., education, defense, infrastructure). The dominant assumption in the …, we find that public education spending goes disproportionately to the bottom half of the income distribution. A lump …-sum allocation provides a good approximation. Moving beyond the cross-section, we find that public education expenditure is …

productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …