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A large literature documents the positive influence of a city's skill structure on its rate of economic growth. By contrast, the effect of a city's age structure on its economic growth has been a hitherto largely neglected area of research. This paper hypothesizes that cities with more...
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During recent years there has been an increasing awareness of the explanatory power of demographic variables in economic growth regressions. We estimate a new model of the effects of age structure change on economic growth. We use the new model and recent probabilistic demographic projections...
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We construct a new dataset of inequality in educational attainment by age and sex at the global level. The comparison of education inequality measures across age groups allows us to assess the effect of inter-generational education attainment trends on economic growth. Our results indicate that...
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lead to stagnation at the middle-income level. Economic growth depends on changes in the demographics of a country …
Persistent link: https://www.econbiz.de/10011646990
Piketty's Capital in the Twenty-First Century posits the return r on capital to be larger than the economic growth rate g as a main driver of inequalities. This article points out the circumstances under which the reverse inference holds. We show that increasing inequality promotes increasing...
Persistent link: https://www.econbiz.de/10011625600
TFP growth continuing to fall, Europe's demographics are now also contributing to a decline in the workforce. Against this …
Persistent link: https://www.econbiz.de/10010517186