Showing 1 - 10 of 633
How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...
Persistent link: https://www.econbiz.de/10014512084
This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic multi-sector model in which electricity is a strong complement to...
Persistent link: https://www.econbiz.de/10014468241
The demographic transition --the move from a high fertility/high mortality regime into a low fertility/low mortality regime-- is one of the most fundamental transformations that countries undertake. To study demographic transitions across time and space, we compile a data set of birth and death...
Persistent link: https://www.econbiz.de/10012696389
The U.S. and other western economies are experiencing dramatic changes in growth and age structure of their populations … population growth rates …
Persistent link: https://www.econbiz.de/10012477787
is not embedded in extant unified growth models. We develop a model which can endogenously account for these facts, where … unskilled-labor-biased. Increasing basic knowledge causes a growth takeoff, an income-led demand for fewer educated children …
Persistent link: https://www.econbiz.de/10012464163
This paper presents a theory where increases in female labor force participation and reductions in the gender wage-gap are generated as part of a single process of demographic transition, characterized by reductions in mortality and fertility. The paper suggests a link between changes in...
Persistent link: https://www.econbiz.de/10012465818
dramatically alters this prediction. Even though China is aging rapidly, its saving behavior, growth rate, and fiscal policies are …
Persistent link: https://www.econbiz.de/10012467008
This paper and its companion study, Fehr, Jokisch, and Kotlikoff (2004), develop a three-region dynamic general equilibrium life-cycle model to analyze general and skill-specific immigration policy during the demographic transition. The three regions are the U.S., Japan, and the EU. Immigration...
Persistent link: https://www.econbiz.de/10012468181
The developed word stands at the fore of a phenomenal demographic transition. Over the next 30 years the number of elderly in the U.S., the EU, and Japan will more than double. At the same time, the number of workers available to pay the elderly their government-guaranteed pension and health...
Persistent link: https://www.econbiz.de/10012468598
For decades, economists and social thinkers have debated the influence of population change on economic growth. Three … alternative positions define this debate: that population growth restricts, promotes, or is independent of economic growth … size and growth. In recent years, however, the debate has under-emphasized a critical issue, the age structure of the …
Persistent link: https://www.econbiz.de/10012470030