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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
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
approach in order to gauge to what extent gender differences in longevity can be attributed to gender-specific preferences and …
Persistent link: https://www.econbiz.de/10011516012
This study presents a new view on the association between education and longevity. In contrast to the earlier … gradient by idiosyncratic returns to education, with causality running from education to longevity. The theory also explains … why compulsory schooling has comparatively small effects on longevity and why the gradient gets larger over time through …
Persistent link: https://www.econbiz.de/10011556905
This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in order to prove analytically the comparative dynamics of the model. Results are derived for the so called pure investment model, the pure consumption model and a combination of...
Persistent link: https://www.econbiz.de/10010429139
adaptation generally increases the value of life (by about 2 to 5 percent), its impact on health behavior and longevity depends …
Persistent link: https://www.econbiz.de/10011388100
longevity. Health-demanding work leads to a faster accumulation of health deficits and is remunerated with a hazard markup on …
Persistent link: https://www.econbiz.de/10012820924
Persistent link: https://www.econbiz.de/10010188738
model with endogenous aging and longevity. Individuals can slow down aging and postpone death by health investments and by … price policy can nudge individuals to behave more healthy such that they actually realize the longevity and value of life …
Persistent link: https://www.econbiz.de/10012064136
. Here, we challenge this view. We set up a life-cycle model of human aging and longevity in which individuals discount the …
Persistent link: https://www.econbiz.de/10011576335