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New Evidence on the Causal Link Between the Quantity and Quality of Children

Angrist, Joshua D. - 2005

A longstanding question in the economics of the family is the relationship between sibship size and subsequent human capital formation and economic welfare. If there is a "quantity-quality trade-off," then policies that discourage large families should lead to increased human capital, higher...

Persistent link: https://www.econbiz.de/10012466836

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality

Dabla-Norris, Era - 2015

We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...

Persistent link: https://www.econbiz.de/10012457845

Is Poland the Next Spain?

Caselli, Francesco - 2005

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both … Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …

Persistent link: https://www.econbiz.de/10012467642

Two Tales of Adjustment : East Asian Lessons for European Growth

Chari, Anusha - 2014

stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post …

Persistent link: https://www.econbiz.de/10012458823

The Mandarin Model of Growth

Xiong, Wei - 2018

China's economic reforms over the past 40 years have led to a mixed economic structure with the government playing a key role in an increasingly market-driven economy. This paper expands a standard growth model of Barro (1990) to incorporate this structure, with a particular focus on including...

Persistent link: https://www.econbiz.de/10012480947

Annuities and Individual Welfare

Davidoff, Thomas - 2003

This paper advances the theory of annuity demand. First, we derive sufficient conditions under which complete annuitization is optimal, showing that this well-known result holds true in a more general setting than in Yaari (1965). Specifically, when markets are complete, sufficient conditions...

Persistent link: https://www.econbiz.de/10012468984

The Health of Nations : The Contribution of Improved Health to Living Standards

Nordhaus, William D. - 2002

Nations generally measure their economic performance using the yardstick of national output and income. It is not widely recognized, however, that conventional measures of national income and output exclude the value of improvements in the health status of the population. The present study...

Persistent link: https://www.econbiz.de/10012469897

Sixty Years after the Magic Carpet Ride : The Long-Run Effect of the Early Childhood Environment on Social and Economic Outcomes

Gould, Eric D. - 2009

This paper estimates the effect of the childhood environment on a large array of social and economic outcomes lasting almost 60 years, for both the affected cohorts and for their children. To do this, we exploit a natural experiment provided by the 1949 Magic Carpet operation, where over 50,000...

Persistent link: https://www.econbiz.de/10012463763

Schooling, Wealth, Risky Sexual Behavior, and HIV/AIDS in Sub-Saharan Africa

Lucas, Adrienne M. - 2018

Economic growth and development have improved human health in many regions, while sub-Saharan Africa continues to lag behind. Economic theory and the existing empirical evidence suggest that development may not generate large reductions in the leading cause of adult mortality in the region,...

Persistent link: https://www.econbiz.de/10012480615

Persistence through Revolutions

Alesina, Alberto - 2020

Can efforts to eradicate inequality in wealth and education eliminate intergenerational persistence of socioeconomic status? The Chinese Communist Revolution in the 1950s and Cultural Revolution from 1966 to 1976 aimed to do exactly that. Using newly digitized archival records and contemporary...

Persistent link: https://www.econbiz.de/10012482010