Malthusian model, we find that productivity growth in agriculture has no effect on subsistence income. More importantly, we also …, but also with productivity in manufacturing. -- Malthusian Model ; Subsistence Income. … determinants of subsistence income. We make standard assumptions about preferences and production technology, but by contrast to …

The hypothesis that economic freedom and related variables are significant determinants of real per capita income and … growth is critically evaluated. Economic freedom is found necessary for higher levels of per capita income and growth largely … higher levels of per capita income. And securing particular levels of economic freedom does not guarantee higher levels of …

experience this pleasure from consumption. These activities are conducive to economic growth. Higher income makes consumption …

individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic … effect of life expectancy on population, human capital and income per capita is not the same before and after the demographic … transition. Moreover, a sufficiently high life expectancy is ultimately the trigger of the transition to sustained income growth …

individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic … effect of life expectancy on population, human capital and income per capita is not the same before and after the demographic … transition. Moreover, a sufficiently high life expectancy is ultimately the trigger of the transition to sustained income growth …

choices are linked by a strategic complementarity: patient individuals choose occupations with a steep income profile; a steep … income profile, in turn, leads to a strong incentive to invest in patience. In equilibrium, society becomes stratified along …

Well-being is increasingly viewed as a multidimensional phenomenon, of which income is only one facet. In this paper I … capita income. International trends of life expectancy and per capita GDP differed during the past 150 years. Life expectancy … expectancy and per capita income and its outward shift over time as put forward by Samuel Preston. However, the association …