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This paper assesses the causal impact of greater market access on demographic transition during the latter half of the 19th century in the United States. We construct new measures of fertility changes and measures of railroad access at the county level from 1850 - 1890. We are able to document...
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stop the flow of immigrants, our exhausted economy deflates the heartland's already shrinking population. To survive China …
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, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … of rapid and significant aging requiring major fiscal adjustments.In previous studies that excluded China we predicted …, reducing real wages per unit of human capital. Adding China to the model dramatically alters this prediction. Even though China …
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China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long …In previous studies that excluded China we predicted that tax hikes needed to pay benefits along the developed world …'s demographic transition would lead to capital shortage, reducing real wages per unit of human capital. Adding China to the model …
Persistent link: https://www.econbiz.de/10012467008
, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … cloud with a silver lining coming, in this case, in the form of capital deepening that will raise real wages. China … 2030 and 4 percent higher at the end of the century. Without China they'd be only 2 percent higher in 2030 and 4 percent …
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