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adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today …
Persistent link: https://www.econbiz.de/10010270036
much less, in (continental) Europe over the same time period. I review the two most popular explanations for these … differential trends: that relative supply of skills increased faster in Europe, and that European labor market institutions … where labor market institutions creating wage compression in Europe also encourage more investment in technologies …
Persistent link: https://www.econbiz.de/10011653022
This paper develops a bioeconomic Malthusian growth model. By integrating recent research on allometric scaling, energy consumption and ontogenetic growth, we provide a model where subsistence consumption is endogenously linked to body size and fertility. The theory admits a unique Malthusian...
Persistent link: https://www.econbiz.de/10010265679
Drawing on recent research on allometric scaling and energy consumption, the present paper develops a nutrition-based efficiency wage model from first principles. The biologically micro-founded model allows us to address empirical criticism of the original nutrition-based efficiency wage model....
Persistent link: https://www.econbiz.de/10010265684
purpose, we use four waves of the Survey of Health, Aging and Retirement in Europe (SHARE dataset) and construct a health …
Persistent link: https://www.econbiz.de/10011590639
five waves of the Survey of Health, Aging, and Retirement in Europe (SHARE) dataset and construct a frailty index for …
Persistent link: https://www.econbiz.de/10012234809
Survey of Health, Aging, and Retirement in Europe (SHARE) and construct a frailty index for elderly men and women from 10 …
Persistent link: https://www.econbiz.de/10012799670
We set up a three-period overlapping generation model in which young individuals allocate their time to schooling and work, healthy middle aged individuals allocate their time to leisure and work and their income to consumption and savings for retirement, and old age individuals live off their...
Persistent link: https://www.econbiz.de/10010294422
This article investigates economic performance when enforceable property rights are missing and subsistence needs matter. It shows that if per capita income is sufficiently high, a windfall gain in productivity triggers behavior that leads to higher growth (the normal reaction). The same shock...
Persistent link: https://www.econbiz.de/10010301471
In medieval times, most people identifi ed with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a...
Persistent link: https://www.econbiz.de/10010329883