Early, the convergence theory was suggestively expressed in the Solow model. This can be shown in line with the fact that while economic development is advancing (expressed by the income per capita growth), on long run there is a general convergence process among countries. Generally, empirical...

Will the projected decline in the youth share of European countries' populations alleviate the currently high levels of youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes in the relative size of age groups will cause...

The demographic and education composition of European countries is changing: the population share of young individuals is declining while that of the highly educated is rising. This study estimates the impact of cohort size on wages using data on several European countries to cast light on the...