This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …-born by skill level. Specifically, after introducing migration in an augmented Solow-Swan model, we estimate a dynamic panel … model using a system of generalized method of moments (SYS-GMM) to deal with the risk of an endogeneity bias of the …

lobbying, while concentrated landownership slows it down. We explain these patterns in a simple model of structural change … augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and …

The neoclassical growth model assumes fixed labor supply and competitive labor markets. Is it harmless to ignore … monopsonistic power in the neoclassical growth model? The paper argues that it is not, especially if a growth model needs to be … consistent with the long-run dynamics of the labor share. This paper solves a minimalist growth model with monopsonistic power at …

If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by … childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the …

and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model … framework. We test the model's predictions in a laboratory experiment. Both in theory and in the experiment diagnostic …

and accelerates toward modern growth. Our calibrated model is largely consistent with the set of historical data we have …This paper develops a two-sector model that illuminates the role played by agricultural modernization in the transition … from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative …

We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent … with the augmented Solow model or the Uzawa-Lucas model, by exploiting the different non-linear restrictions implied by … specify our growth regression without imposing cross-country homogeneity restrictions on the speed of convergence and short …

In this paper we show that vocational training is an important determinant of productivity growth. We construct a multi …-country, multi-sectoral dataset, and quantify empirically to what extent vocational training has contributed to increase the growth … accelerates the rate of productivity growth by around 0.55 percentage points. -- continuous vocational training ; labor …

economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of …

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers … increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on … relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …