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In this paper, I explore in an overlapping generations framework, a mechanism motivating a neurobiological poverty trap. Poverty causes stress and depression in individuals susceptible to depression. Poor and depressed individuals discount the future at a higher rate and invest less in the human...
Persistent link: https://www.econbiz.de/10011557040
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
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/10003711662
In this paper, I explore in an overlapping generations framework, a mechanism motivating a neurobiological poverty trap. Poverty causes stress and depression in individuals susceptible to depression. Poor and depressed individuals discount the future at a higher rate and invest less in the human...
Persistent link: https://www.econbiz.de/10011556908
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/10014218542
This paper presents the long-run equilibrium and development dynamics in the neoclassical growth model and a simple model of endogenous growth when property rights are absent. The results are compared to the outcome in a corresponding model with secure property rights. The main findings are that...
Persistent link: https://www.econbiz.de/10014064272
We generalize the result of Alesina and Rodrik (1994) by showing that their static solution is also a time consistent Stackelberg solution of a differential game between the government and the median voter
Persistent link: https://www.econbiz.de/10014064275
We set up an endogenous growth model with physical capital, human capital and blueprints for intermediate goods. The model can generate steady-state growth or stagnation. Along the adjustment path for a developing economy we can distinguish different stages of development. The first stage is...
Persistent link: https://www.econbiz.de/10005764588
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/10005607005
traditional equilibrium, contraceptives are not used, fertility is high and education and growth are low. At the modern … equilibrium, contraceptives are used, fertility is low and further declining with increasing income, and education and growth are … provide more education for their children and leads to an earlier uptake of modern contraceptives and an earlier onset of the …
Persistent link: https://www.econbiz.de/10011436754