Showing 1 - 10 of 148
This paper provides a unified theory of the economic and demographic transition. Individualsmake optimal decisions about fertility, education of their children and the type and intensity ofthe investments in their own education. These decisions are affected by different dimensionsof mortality...
Persistent link: https://www.econbiz.de/10005862590
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
Skill-biased technical change is usually interpreted in terms of the efficiency parameters ofskilled and unskilled labor. This implies that the relative productivity of skilled workerschanges proportionally in all tasks. In contrast, we argue that technical changes also affectthe curvature of...
Persistent link: https://www.econbiz.de/10005863221
economic growth and development. In this chapter we surveyimportant contributions in the field by focussing on the basic … growth policy...<br< …
Persistent link: https://www.econbiz.de/10005863368
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 well as vertical innovation and emphasizing important implications for … growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of …
Persistent link: https://www.econbiz.de/10012777881
The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10012765316
literature. This exercise reveals that differences in productivity growth across sectors, combined with differences in …
Persistent link: https://www.econbiz.de/10013024919
There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … flexible sector more intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital …
Persistent link: https://www.econbiz.de/10013024921
Skill-biased technical change is usually interpreted in terms of the efficiency parameters of skilled and unskilled labor. This implies that the relative productivity of skilled workers changes proportionally in all tasks. In contrast, we argue that technical changes also affect the curvature of...
Persistent link: https://www.econbiz.de/10013317150
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures …
Persistent link: https://www.econbiz.de/10013141717