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In this paper we investigate the dynamic interaction between economic growth, unemployment, income distribution and population growth. The reference framework combines rational behaviour of agents with endogenous fertility and unemployment, while profits are the determinant of the accumulation...
Persistent link: https://www.econbiz.de/10005294702
Compared to other factors, the role of the age distribution of the population as a key endogenous determinant of economic growth trajectories has traditionally been overlooked. This is unrealistic, especially when dealing with major epochs of structural change, such as demographic transitions....
Persistent link: https://www.econbiz.de/10010993464
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Several efforts in the area of demo-economic interactions have been motivated by the need to provide sound mathematical foundations for the very popular "Easterlin cycle". Among these we recall the classical contributions by Lee (1974) and Samuelson (1976), and the more recent efforts by...
Persistent link: https://www.econbiz.de/10005345511
It is shown here that the Solow (1956) neo-classical growth paradigm not only explains the ¡°first¡± stylised fact of economic growth, namely the existence of a globally stable state of balanced growth, but, once endowed with a demographically founded formulation of the labour supply, is...
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Immigration might be a remedy against the stress that low fertility causes to demographic and welfare systems. Sustained immigration, however, can alter both the demographic and epidemiological profiles of the receiving population. An age-structured SIR (susceptible-infective-recovered) model...
Persistent link: https://www.econbiz.de/10009205561
We exploit a multistate generalisation of a classical, one-sex, stable population model to evaluate structural and long-term effects of changes in the attainment of adulthood. The demographic framework that inspired this paper is provided by Italy, where a strong delay in the transition to...
Persistent link: https://www.econbiz.de/10009205612