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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
Conventional wisdom about the relationship between income distribution and economic development has been subjected to dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial for economic development, the Neoclassical...
Persistent link: https://www.econbiz.de/10010284077
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 explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...
Persistent link: https://www.econbiz.de/10010284035
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
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
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
This paper analyzes the role of income distribution in macroeonomic analysis. The study demonstrates that the long-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation between income distribution and output, an economy...
Persistent link: https://www.econbiz.de/10010420262