We explore the impact of the age structure of human capital on average regional productivity by applying a spatial econometric analysis based on an augmented Lucas-type production function. We also apply a new definition of regional human capital focusing on its availability. The estimates...

We explore the impact of the age structure of human capital on average regional productivity by applying a spatial econometric analysis based on an augmented Lucas-type production function. We also apply a new definition of regional human capital focusing on its availability. The estimates...

The worldwide problem with pay-as-you-go, defined-benefits social security systems is not just financial. Through a dynamic, overlapping-generations model where forming a family and bearing and educating children are choice variables, we show that social security taxes and benefits generate...

The U.S. economic development in the nineteenth century was characterized by the westward movement of population and the accumulation of productive land in the West. This paper presents a model of migration and land improvement to identify the quantitatively important forces driving this...

The Report discusses recent trends in population and related outcomes as well as the policies that may influence these outcomes in the UNECE region (Europe, North America, post-Soviet Republics, and Israel), always through a lens focusing attention on the future. The Report is structured into...

This paper analyzes the impact on age group wage differentials in a setting of imperfect labor substitution at different ages (years) of working life. We examine the wage prospect of assuming medium, high, and low levels of fertility during the population projection period (2020-2090). Main...