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 …

ageing on economic growth, capital deepening and robotisation in 27 European Union (EU) labour markets. First, we … econometrically assess the effects of ageing and potential labour market shortages on growth. Second, we test the hypothesis of …

This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin …-run growth in these three countries, low saving rates do not seem to be a direct consequence of sub-optimal taxation. … American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where …

We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

concludes that financing growth and investment out of foreign savings, while not impossible, is risky. … investment was financed via private capital inflows. That said, foreign savings are not a good substitute for domestic savings … over the deficit episode and its aftermath, growth is slower than when countries rely on domestic savings. The paper …

The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate …, implies transitional dynamics of the saving rate that accords well with empirical evidence. This holds true even in a growth …, when reasonably calibrated. Ample empirical evidence, however, shows that the transition path of a country's saving rate …

longevity increase domestic saving rates. However, these effects are statistically robust only in Asia. In particular, Latin … in saving rates as Asia. The paper highlights that the potential dividends arising from a favorable demographic …This study explores the relationship between demographic factors and saving rates using a panel dataset covering 110 …

This paper investigates the relevance of business saving for private saving and investment around the world by … are the main contributors to private and national saving around the globe, contributing on average more than 50 percent of … national saving. Using this unique dataset, evidence is found of partial piercing of the corporate veil: for the core …