In an overlapping generations economy with endogenous income growth, I combine themes from the work of Cooper et al. (2001), Kapur (2005), and Eaton and Eswaran (2009) in order to provide an example of an economy whose welfare dynamics are non-monotonic. Particularly, the evolution of workers’...

Our study examines the effect of environmental factors on the economic decisions regarding fertility. We incorporate health‐damaging pollution into a three period overlapping generations model in which life expectancy, fertility and economic growth are all endogenous. We show that...

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to six findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...