Showing 1 - 10 of 477
In this paper, we investigate the relationship between public capital spending and population dynamics at the state level. Empirically, we document two robust facts. First, states with faster population growth do not spend more (per capita) to accommodate the needs of their growing population....
Persistent link: https://www.econbiz.de/10013126213
The US economy has undergone a number of puzzling changes in recent decades. Large firms now account for a greater share of economic activity, new firms are being created at a slower rate, and workers are getting paid a smaller share of GDP. This paper shows that changes in population growth...
Persistent link: https://www.econbiz.de/10012906315
For generations of scholars and observers, the quot;transportation revolution,quot; especially the railroad, has loomed large as a dominant factor in the settlement and development of the United States in the nineteenth century. There has, however, been considerable debate as to whether...
Persistent link: https://www.econbiz.de/10012758014
We present a model of efficient regulation along the lines of Demsetz (1967). In this model, setting up and running regulatory institutions takes a fixed cost, and therefore jurisdictions with larger populations affected by a given regulation are more likely to have them. Consistent with the...
Persistent link: https://www.econbiz.de/10013222996
This paper argues that the secular decline in mortality, which began during the eighteenth century, is still in progress and will probably continue for another century or more. The evolutionary perspective presented in this paper focuses not only on the environment, which from the standpoint of...
Persistent link: https://www.econbiz.de/10013245543
The economies of the less developed countries are about to face perhaps the greatest challenge in their histories: generating a sufficient number of jobs at reasonable wages to absorb their rapidly growing populations into productive employment. In terms of absolute magnitude, this challenge has...
Persistent link: https://www.econbiz.de/10013309249
In traditional societies it is often argued that parents' desire for old age security in the form of transfers from their children provides an important motive for childbearing. Some doubt has been cast on this "old age security hypothesis" by recent estimates which suggest that the rate of...
Persistent link: https://www.econbiz.de/10013309359
Baby Boomers have left a unique imprint on US culture and society in the last 60 years, and it might be anticipated that they will also put their own stamp on retirement, the last phase of the life cycle. Yet because Boomers have not all fully retired, we cannot yet judge how they will fare as...
Persistent link: https://www.econbiz.de/10012778121
significantly in stages of development and resource bases: the United States, China, Brazil, India, and Venezuela. With the …
Persistent link: https://www.econbiz.de/10013135234
This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of … changes in performance since the reforms, which started in China in 1979 and in India in 1991. Such a comparison shows more … progress towards the Millennium Development Goals (MDGs) and India lags behind other South Asian countries. The responsiveness …
Persistent link: https://www.econbiz.de/10013082166