uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does … not. In this framework, long-term growth is entirely driven by precautionary savings. In particular, we show that the … asymptotic growth rate of the expected capital stock is an increasing function of both the risk parameter and the Arrow …

growing economy, that is when population growth is optimal in the long-run, this egalitarian rule can only hold when (i) the …

uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does … not. In this framework, long-term growth is entirely driven by precautionary savings. In particular, we show that the … asymptotic growth rate of the expected capital stock is an increasing function of both the risk parameter and the Arrow …

growth path, human capital stock grows at a rate greater than its long-run counterpart when the ratio physical to human capi … neighborhood of balanced growth paths. More importantly, we identify a crucial asymmetry: what- ever the position of the capital …

uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does … not. In this framework, long-term growth is entirely driven by precautionary savings. In particular, we show that the … asymptotic growth rate of the expected capital stock is an increasing function of both the risk parameter and the Arrow …

growing economy, that is when population growth is optimal in the long-run, this egalitarian rule can only hold when (i) the …

We study how economic growth is affected by demographics in an overlapping generations model with a realistic survival …. Endogenous growth arises thanks to the accumulation of generation-specific human capital. Favorable shifts in the survival … probabilities always induce longer schooling and later retirement but have an ambiguous effect on growth. The relationship between …

We study how economic growth is affected by demographics in an overlapping generations model with a realistic survival …. Endoneous growth arises thanks to the accumulation of generation-specific human capital. Favorable shifts in the survival … probabilities always induce longer schooling and later retirement but have an ambiguous effect on growth. The relationship between …