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the other hand, growth is higher in economies with greater parental altruism. Cross-country regressions using the World …
Persistent link: https://www.econbiz.de/10011524110
The paper studies the determinants of income distribution and growth in an overlapping generations economy with … an endogenous growth model. First, we explore the effects of technological improvements in the human capital process … progress on growth and relate these results to the income distribution inequality. Third, we provide numerical simulations to …
Persistent link: https://www.econbiz.de/10011399283
The paper studies the determinants of income distribution and growth in an overlapping generations economy … all young individuals of the same generation.Due to investments in human capital our economy exhibits endogenous growth … date along theequilibrium path. Second, we study the impact of such technogical progress on growth and relate these results …
Persistent link: https://www.econbiz.de/10011318579
The paper studies the determinants of income distribution and growth in an overlapping generations economy with … is an endogenous growth model. First, we explore the effects of technological improvements in the human capital process … progress on growth and relate these results to the income distribution inequality. Third, we provide numerical simulations to …
Persistent link: https://www.econbiz.de/10013320880
the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with … participation ; retirement age ; demographic shift ; overlapping generations …
Persistent link: https://www.econbiz.de/10009266746
Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate … development regimes and it illustrates wider role of education in tackling possible development traps. -- growth ; human capital …
Persistent link: https://www.econbiz.de/10003755176
family environment. This paper presents a theory of growth in which human capital is determined by inheritable factors and … fertility rates and reducing output growth in the transitional dynamics. If human or physical stocks are sufficiently low, the … converge to a balanced growth path where the average transmission of human capital from parents to childern determines the long …
Persistent link: https://www.econbiz.de/10011566054
This chapter is concerned with the identification and estimation of models of labor supply. The focus is on the key issues that arise from unobserved heterogeneity, nonparticipation and dynamics. We examine the simple “static” labor supply model with proportional taxes and highlight the...
Persistent link: https://www.econbiz.de/10014024946
Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...
Persistent link: https://www.econbiz.de/10014311541
Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...
Persistent link: https://www.econbiz.de/10014347039