estimates the association between changes in the share of working-age population with per capita growth, savings, and poverty … gross domestic product per capita growth by more than one percentage point, with similarly positive effects on savings and …

estimates the association between changes in the share of working-age population with per capita growth, savings, and poverty … gross domestic product per capita growth by more than one percentage point, with similarly positive effects on savings and …

adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today …. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth …. Savings rates and income growth rates are thus jointly increasing during the process of development until they converge …