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This paper explores the quantitative implications of a class of endogenous growth models for cross-country income differences. These models exhibit international spillovers, no scale effects and conditional convergence, and thus they overcome some difficulties faced by the early generation of...
Persistent link: https://www.econbiz.de/10005407660
The evidence strongly suggests a robust negative relationship between income and fertility, anda positive relationship between income and longevity. This is puzzling for standard dynamicmodels. For instance, altruistic models that use the most standard preferences in macro-timeseparable CRRA...
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Life expectancy around the world has increased substantially since 1970. In contrast, consump-tion per capita has fallen in some countries, remained stagnant, or sharply increased in others.What are the welfare gains of the systematic increase in life expectancy around the world? Howdoes a "full...
Persistent link: https://www.econbiz.de/10009652058
This paper provides a theory that explains the cross-country distribution of average years of schooling, as well as the so called human capital premium puzzle. In our theory, credit frictions as well as differences in access to public education, fertility and mortality turn out to be the key...
Persistent link: https://www.econbiz.de/10009360196
[4] Soares, R., 2007. On the Determinants of Mortality Reductions in the Developing World. Population and Development Review 33, 247-287.
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