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The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as...
Persistent link: https://www.econbiz.de/10012777881
This paper reviews Gary Becker's contributions to the economic analysis of fertility, from his 1960 paper introducing … the quantity-quality tradeoff to later work linking the economics of fertility to the theory of economic growth …
Persistent link: https://www.econbiz.de/10013043702
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and the role of mortality differences for comparative development. The framework can replicate the quantitative patterns in historical time series data and in contemporaneous...
Persistent link: https://www.econbiz.de/10013086663
Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical … research often finds that the sign and significance of schooling depends on the sample of observations or the specification of … a rigorous and systematic search for significance of mean years of schooling by examining five of the most comprehensive …
Persistent link: https://www.econbiz.de/10013089004
We analyze the tradeoff between child quantity and quality in developing countries by estimating the effect of family size on child education in urban Philippines. To isolate exogenous changes in family size, we exploit a policy shock: in the late 1990s, the mayor of Manila enacted a municipal...
Persistent link: https://www.econbiz.de/10013077342
decreasing through their affect on the opportunity cost of schooling. By increasing the opportunity cost of schooling, microloans …
Persistent link: https://www.econbiz.de/10013136775
about fertility, education of their children and the type and intensity of the investments in their own education. These … formation, little longevity, high child mortality, large fertility and a sluggish income and productivity growth to a modern … growth regime in which lower net fertility is associated with the acquisition of human capital and improved living standards …
Persistent link: https://www.econbiz.de/10013316935
We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...
Persistent link: https://www.econbiz.de/10012985671
Human capital investments at an early age appear crucial for individual outcomes. Family size might affect these investments influencing parental time and economic resources invested in children's education. This aspect is related to the children quantity-quality trade-off proposed by Becker...
Persistent link: https://www.econbiz.de/10014083934
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10013141717