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We present a growth model where agents divide time between rent seeking in the form of resource competition; and working in a human capital sector, interpreted as trade or manufacturing. Rent seeking exerts negative externalities on the productivity of human capital, generating multiple steady...
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We set up a model of economic and demographic long-run development, where inequality in income and reproductive success (polygynous mating) plays a central role. The model generates a slow and gradual compression of the income gap between landholders and landless, together with rising levels of...
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We set up a stochastic open-economy growth model with endogenous fertility and mortality. A three-country version of the model is calibrated to pre-industrial mortality data from England, France and Sweden. By fitting parameters to match observed rates of correlation in mortality rates, the...
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