A dynamic general equilibrium model of work, schooling, occupational and sectoral decisions is developed and estimated. The model is fit to data on life cycle employment, schooling, occupational and sectoral decisions, and on life cycle labor earnings, within and between cohorts observed in the...

Standard international real business cycle models are generally unable to replicate the observed comovements of all the main aggregate variables: in particular, they generate low or negative international comovements in output, investment, and labour. I simulated a two-country, two-sector...

The transition from economic stagnation to sustained growth is often modelled with a "population-induced" technical progress which raised the return to human capital. In this literature the effect of population on productivity is assumed instead of being derived from more primary assumptions,...