We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i)...

This paper answers the following two questions: 1) In the data, can we find a dilution effect of population growth also on per-capita human capital investment? If yes, 2) how can we use this fact to explain theoretically the existence of a differential impact of population change on economic...

Korea's population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

This paper proposes somatic capital as a hitherto neglected variable in the discussion of factors impacting the timing of the Neolithic transition. It develops an evolutionary growth theory that builds on the trade-off between the quantity and the quality of offspring. The theory suggests that...

This research presents the first evidence that moderate fecundity had maximized long-run reproductive success in the human population. Using a reconstructed genealogy for nearly half a million individuals in Quebec during the 1608-1800 period, we find that while a high fecundity was associated...

This paper provides a uni?ed growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to present-day and beyond. Making strict use of Malthus’ (1798) so-called preventive check...

This study provides a uni ed growth theory to correctly predict the initially negative and subsequently positive relationship between child mortality and net reproduction observed in industrialized countries over the course of their demographic transitions. The model captures the intricate...

This study investigates the income-happiness puzzle in China by examining the trends in happiness and economic growth over the past two decades. It is the first long-term study in China to utilize a consistent national representative survey in the new century. Using data from the Chinese General...

We study the general equilibrium properties of two growth models with overlapping generations, habit formation and endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in fertility; station- ary income per capita is...

This research explores the biocultural origins of human capital formation. It presents the first evidence that moderate fecundity and thus predisposition towards investment in child quality was conducive for long-run reproductive success within the human species. Using an extensive genealogical...