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If we have learned anything from the recent outpouring of empirical growth equations is that life is far too complex to expect unconditional' convergence among all countries and at" all times. This fact motivates two questions. First, why has it taken economists so long to learn" the same lesson...
Persistent link: https://www.econbiz.de/10013221891
We assess quantitatively the effect of exogenous reductions in fertility on output per capita. Our simulation model … quantitative macroeconomic theory. We apply the model to examine the effect of a change in fertility from the UN medium-variant to …
Persistent link: https://www.econbiz.de/10013120983
the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …
Persistent link: https://www.econbiz.de/10013125156
, combined with reduced fertility and increases in the working-age population, have contributed to economic growth in some areas …
Persistent link: https://www.econbiz.de/10013236999
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10013247642
Does foreign military assistance strengthen or further weaken fragile states facing internal conflict? Aid may strengthen the state by bolstering its repressive capacity vis-à-vis armed non-state actors, or weaken it if resources are diverted to these very groups. We examine how U.S. military...
Persistent link: https://www.econbiz.de/10013052120
Variation in tax policy presents an opportunity to estimate the responsiveness of fertility to prices. This paper … studied in the literature on AFDC and fertility. This provides a unique opportunity to investigate heterogeneous responses. I … find a strong effect of the policy on fertility, and some evidence of a heterogeneous response that may help reconcile …
Persistent link: https://www.econbiz.de/10013244096
In 2008, a group of uninsured low-income adults in Oregon was selected by lottery for the chance to apply for Medicaid. We use this randomized design and 2009 administrative data to evaluate the effect of Medicaid on labor market outcomes and participation in other social safety net programs. We...
Persistent link: https://www.econbiz.de/10013074224
A unified growth theory is developed that accounts for the roughly constant living standards displayed by world economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also explains the industrial revolution, which is the transition...
Persistent link: https://www.econbiz.de/10013236690
We estimate a dynamic model of employment, human capital accumulation - including education, and savings for women in the UK, exploiting tax and benefit reforms, and use it to analyze the effects of welfare policy. We find substantial elasticities for labor supply and particularly for lone...
Persistent link: https://www.econbiz.de/10013224392