aggregate labor supply and savings. Next, we turn to economic growth, and describe how accounting for families is central for …

In a simplified model GDP growth depends on the demand effect of private investment growth and on the growth of the … budget deficit (D), their sum being termed NPCE (Non-Private-Consumption-Expenditures). Hence GDP growth depends, in the … generalized case, on the demand effect of NPCE growth and on changes in the private savings ratio. In the present paper the term …

In a simplified model GDP growth depends on the demand effect of private investment growth and on the growth of the … budget deficit (D), their sum being termed NPCE (Non-Private-Consumption-Expenditures). Hence GDP growth depends, in the … generalized case, on the demand effect of NPCE growth and on changes in the private savings ratio. In the present paper the term …

growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue … critically hinge on the existence of a bequest motive. It is shown that a wage-tax cut is no longer growth-enhancing when … bequests are operative. By way of contrast, increasing productive public services may well boost growth. The theoretical …

from an agrarian to an industrial economy generating diverging growth patterns across countries. Land abundance, which was … beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth … of industrialization affected the transition to modern growth and has brought about changes in the ranking of countries …

in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic … GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … large, we identify an endogenous threshold on the economy's growth path where it is optimal for politicians to shrink the …

growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …