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We propose an innovation-driven growth model in which education is determined by family background and cognitive ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers market R&D. This means that our model rationalizes two...
Persistent link: https://www.econbiz.de/10011392484
relationship between child mortality and net reproduction observed in industrialized countries over the course of their demographic … transitions. The model captures the intricate interplay between technological progress, mortality, fertility and economic growth … demographic variables. -- Economic growth ; mortality ; fertility ; structural Change ; industrial revolution. …
Persistent link: https://www.econbiz.de/10003791320
We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...
Persistent link: https://www.econbiz.de/10009619090
We examine the long-run relationship between fertility, mortality, and income using panel cointegration techniques and … the available data for the last century. Our main result is that mortality changes and growth of income per capita account … for a major part of the fertility change characterizing the demographic transition. The change of mortality alone, however …
Persistent link: https://www.econbiz.de/10008906860
Persistent link: https://www.econbiz.de/10009739413
For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and high growth are phenomena of the modern period. In order to explain these phenomena we propose an innovation-driven growth model for the very long run in which the...
Persistent link: https://www.econbiz.de/10010346232
Persistent link: https://www.econbiz.de/10009673989
Persistent link: https://www.econbiz.de/10003784861
We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...
Persistent link: https://www.econbiz.de/10014165522
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Knowledge in any country depends on the human capital of the countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period...
Persistent link: https://www.econbiz.de/10011397182