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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 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
Asian Americans faced a disproportionately larger surge in unemployment rates than other racial and ethnic groups during the Covid-19 pandemic. While existing literature typically examines labor demand channels to explain this, we instead explore a labor supply channel. Our hypothesis is that...
Persistent link: https://www.econbiz.de/10014233267
and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account …
Persistent link: https://www.econbiz.de/10010528342
in an extension of the model with regard to endogenous retirement. …
Persistent link: https://www.econbiz.de/10012820924
Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners, policymakers, and donors have ambitious goals for expanding access, and seek efficient methods for implementing and evaluating expansion. There is less consensus on the role of consumer...
Persistent link: https://www.econbiz.de/10003810955