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and develop a growth model with endogenous human capital and endogenous fertility. This work uses this model to analyse …
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growth and develop a growth model with endogenous human capital and endogenous fertility. With this model we analyse the … employ family policy as this increases both the fertility rate and the time individuals spend accumulating human capital. The … main result for economic growth theory is that steady state economic growth is not possible when population is ageing. A …
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The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: (1) heterogeneity of consumers with respect to wealth and parental human capital; (2) intergenerational...
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