The role of technical innovation in economic growth is both a current matter of keen public policy interest, and active exploration in economic theory. However, formal economic theorizing is often constrained by considerations of mathematical tractability. Evolutionary economic theories which...

A cooperative comprehensive study by a group of researchers under the Luxembourg Income Study, aimed at summarizing the impact of noncash income on living standards and poverty in seven western nations. Emphasis in data analysis is placed on the life cycle perspective. The study also focuses on...

Population aging in many countries has become a fundamental concern of public policy. One reason is fears that increasing numbers of elderly will place disproportionate burdens on their children in order to fund public pensions and health-related services. This analysis first discusses basic...