This work investigates the links between fertility choice, the dynamics ofincome distribution and economic growth. We use a simple model of fertility choice in conjunction with the well-documented differences in returns to human capital accross rich and poor to model the co-determination of...

This paper analyzes the interaction between the distribution of human capital, technological progress, and economic growth.

The present paper deals with the diffusion of the General Purpose Technologies (GPT) over heterogeneous finanl-good sectors. We show that the gradual adoption of the GPT by each user sector generates a sequence of two-phased cycles, culminating in a "second wave" after all sectors adopt,they...

In this paper we address the possibility of foreclosure in markets where the final good consists of a system composed of a hardware good and compelementary software and the value of the system depends on the availability of software.