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increasing education and declining labor supply (of cohorts born 1850-1950) as an optimal response to increasing active life … expectancy. We integrate the theory into a unified growth model and reestablish increasing life expectancy as an engine of long …
Persistent link: https://www.econbiz.de/10010954344
calibrate the model to US data and show that the historical evolution of increasing education and declining labor supply can be … explained as an optimal response to increasing active life expectancy. We integrate the theory into a unified growth model and …
Persistent link: https://www.econbiz.de/10010769243
this paper we propose a novel theory, based on health and aging, that explains these long-run trends. Workers optimally … respond to a longer stay in a healthy state of high productivity by obtaining more education and supplying less labor. Better … health increases productivity and amplifies the return on education. The health accelerator allows workers to finance …
Persistent link: https://www.econbiz.de/10010954301
This paper aims to present the factors that determine the economic growth nowadays, in the globalization era. From geography and climate to innovation and training, these factors diversified depending on the evolution of the economy and economic thought. Because of enhanced mobility as a result...
Persistent link: https://www.econbiz.de/10011272135
The current unsustainable growth of the world economy is largely a consequence of the crisis of social capital experienced by much of the world's population. Declining social capital leads the economies to excessive growth, because people seek economic affluence as compensation for the emotional...
Persistent link: https://www.econbiz.de/10010959122
liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also … document : la libéralisation du secteur financier ; renforcer la concurrence sur les marchés des biens et services ; l’éducation …
Persistent link: https://www.econbiz.de/10011277005
The North American Free Trade Agreement (NAFTA) once again became a newsworthy topic in the US media, this time during the contested Spring 2008 Democratic primary for the US presidency, particularly from campaign talking-points originating within Midwestern Rust-Belt states. Although the merits...
Persistent link: https://www.econbiz.de/10010556639
This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose …
Persistent link: https://www.econbiz.de/10008615377
This paper examines the impact of education on economic growth in Greece over the period 1981 – 2009 by applying the …
Persistent link: https://www.econbiz.de/10010740598
This study presents a novel theory on the interaction of social norms, fertility, education, and their joint impact on … long-run economic development. The theory takes into account that sexual intercourse is utility enhancing and that the use … of modern contraceptives potentially conflicts with prevailing social norms (religious beliefs). The theory motivates the …
Persistent link: https://www.econbiz.de/10010791541