Showing 1 - 10 of 23
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children, such that the evolution of inequality is … education of their children, which partially crowds out bequests and thereby reduces inequality in the short run. The better …
Persistent link: https://www.econbiz.de/10011439186
possibility of perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines … with population growth, which is consistent with the available empirical evidence; (iii) there is a unique share of savings … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …
Persistent link: https://www.econbiz.de/10011458839
perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population … growth, which is consistent with the available empirical evidence; (iii) there is a unique share of savings diverted to … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …
Persistent link: https://www.econbiz.de/10011555095
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children such that inequality is driven by … partially crowds out bequests and thereby reduces income inequality and inheritance flows in the short run. The better educated …
Persistent link: https://www.econbiz.de/10011555100
. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing …
Persistent link: https://www.econbiz.de/10012322424
. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing …
Persistent link: https://www.econbiz.de/10012271478
Persistent link: https://www.econbiz.de/10009622263
perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population … growth, which is consistent with the available empirical evidence; (iii) there is a unique share of savings diverted to … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …
Persistent link: https://www.econbiz.de/10011555352
We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children such that inequality is driven by … partially crowds out bequests and thereby reduces income inequality and inheritance flows in the short run. The better educated …
Persistent link: https://www.econbiz.de/10011555353
This paper proposes a stylised model to derive the effect of a sizeable middle class on average educational outcomes. Under reasonable assumptions, the model predicts that the spending share on education increases if the middle class becomes larger such that the size of the middle class has a...
Persistent link: https://www.econbiz.de/10011857126