We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with … machines. The model predicts that innovation-driven growth leads to increasing automation, an increasing skill premium, an … contrast to conventional wisdom, our theory predicts that faster economic growth promotes inequality. Because education and …

of mass education and the demographic transition. The ongoing child quality-quantity trade-off during the transition …. Because growth in modern economies is based on the education of the workforce, the medium-run prospects for future economic …

For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and … high growth are phenomena of the modern period. In order to explain these phenomena we propose an innovation-driven growth … model for the very long run in which the individual-specific return to education is conceptualized as an compound of …

traditional equilibrium, contraceptives are not used, fertility is high and education and growth are low. At the modern … equilibrium, contraceptives are used, fertility is low and further declining with increasing income, and education and growth are … provide more education for their children and leads to an earlier uptake of modern contraceptives and an earlier onset of the …