Showing 1 - 10 of 398
This paper presents a model of fertility, which is specific for the industrialization that took place during the … research on demographic transition assumed altruism as the main element explaining the increase in fertility rates, this paper …
Persistent link: https://www.econbiz.de/10013204727
We document increased old-age mortality rates among Swedish twin mothers compared to non-twin mothers. Results are … based on administrative data on mortality for the years 1990 to 2010. We argue that twins are an unplanned shock to … fertility in the cohorts of older women considered. Deaths due to lung cancer, chronic obstructive pulmonary disease and heart …
Persistent link: https://www.econbiz.de/10012388876
We provide two ways to reconcile small values of the intertemporal elasticity of substitution (IES) that range between 0.35 and 0.5 with empirical evidence that the IES is large. We do this reconciliation using a model in which all agents have identical preferences and the same access to asset...
Persistent link: https://www.econbiz.de/10010292314
distribution, growth and international specialization. The model is explored both for the steady-state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …
Persistent link: https://www.econbiz.de/10010294524
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011997037
We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …
Persistent link: https://www.econbiz.de/10011927982
A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …
Persistent link: https://www.econbiz.de/10011927983
overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an … overhead labour costs in the coevolution of income distribution and economic growth. When overhead labour is taken into account … capacity and in the growth rate of sales expected by firms. We examine the parametric conditions under which the model achieves …
Persistent link: https://www.econbiz.de/10011939912
Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … presented drawing on the relationship between the rate of profit and the rate of growth, as well as on the consideration of one …
Persistent link: https://www.econbiz.de/10011450856
A simple neo-Kaleckian open-economy model is presented and its implications for growth regimes are analyzed. The … incorporating the Harrodian principle of instability and autonomous growth in foreign demand. It is demonstrated that some aspects … average rates of production growth and capital accumulation. However, the long-run impact of a change in the profit share is …
Persistent link: https://www.econbiz.de/10011478769