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Europe aims at combining income growth with improvements in social cohesion as measured by income and health … growth and the income responsiveness of health. We investigate whether these conditions held in Europe in the nineties using … decompositions to demonstrate that (i) in all countries except Austria, the income elasticity of health is positive and increases …
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variables. The model can be reparameterised so that the gender gap in education enters the model. The interpretation of its …
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how this impact depends on the levels of health and education expenditures. We analyze time series data from Pakistan …. Furthermore, the estimations reveal that better facilities for health and education strengthen the positive effects of LF on EG …. This suggests a complementary relationship between health, education, and LF in driving EG. Moreover, our findings …
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We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...
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Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
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