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Risky Human Capital Investment, Income Distribution, and Macroeconomic Dynamics
Grossmann, Volker - Institute for the Study of Labor (IZA) - 2003
uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …
Persistent link: https://www.econbiz.de/10005822202
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Risky human capital investment, income distribution, and macroeconomic dynamics
Grossmann, Volker - 2003
uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …
Persistent link: https://www.econbiz.de/10010261651
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Risky Human Capital Investment, Income Distribution, and Macroeconomic Dynamics
Grossmann, Volker - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2004
that the impact of higher inequality on the aggregate human capital stock, and thus, on growth is positive under rather …
Persistent link: https://www.econbiz.de/10005481990
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Status aspirations, wealth inequality, and economic growth
Stark, Oded - 2005
coefficient of wealth inequality. Hence the Gini coefficient and growth are positively correlated, holding the population’s wealth … constant. -- quest for status ; distribution of wealth ; economic growth …
Persistent link: https://www.econbiz.de/10009729676
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Status Aspirations, Wealth Inequality, and Economic Growth
Stark, Oded - 2018
coefficient of wealth inequality. Hence the Gini coefficient and growth are positively correlated, holding the population's wealth …
Persistent link: https://www.econbiz.de/10012911262
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Dynamically optimal R&D subsidization
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Wirtschaftswissenschafltiche Fakultät, Universität Leipzig - 2011
of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting …
Persistent link: https://www.econbiz.de/10009277835
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Dynamically optimal R&D subsidization
Grossmann, Volker; Steger, Thomas; Trimborn, Timo - In: Journal of Economic Dynamics and Control 37 (2013) 3, pp. 516-534
This paper characterizes the optimal time path of R&D and capital subsidization. Starting from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then slightly decrease over time. There is a small loss in welfare, however, from...
Persistent link: https://www.econbiz.de/10010870991
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Optimal growth policy: The role of skill heterogeneity
Grossmann, Volker; Steger, Thomas M. - In: Economics Letters 119 (2013) 2, pp. 162-164
A simple semi-endogenous growth model is employed to show that optimal subsidization of both R&D and capital costs is …
Persistent link: https://www.econbiz.de/10010664117
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Quantifying Optimal Growth Policy
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2010
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures …
Persistent link: https://www.econbiz.de/10011124029
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Quantifying Optimal Growth Policy
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Faculté des sciences économiques et sociales - … - 2010
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures …
Persistent link: https://www.econbiz.de/10010547023