transfers should be distributed between labor and capital in a scale-less endogenous growth model, where the engine of growth … controversial prediction of first-generation endogenous growth models. Our contribution is to show that even when labor supply has … no effects on growth in the long run, it will still be optimal to tax capital, for reasonable parametrizations of the …

input to private R&D. It is also shown that the welfare-maximizing level of pub- lic research spending is below the growth …-maximizing level. With regards to tax policy, a zero-proffit tax maximizes both growth and welfare. Finally, the study analyzes the …This study constructs a variety expansion growth model with public research spending, in which public researchers raise …

effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across …This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … social welfare. The quantitative implications of income tax progressivity increments are illustrated for the US economy under …

effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across …This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … social welfare. The quantitative implications of income tax progressivity increments are illustrated for the US economy under …

children. This positive welfare effect dominates an indirect negative welfare effect due to a lower growth rate. But, if …Do in-cash and in-kind transfers to families affect parental fertility choices and economic welfare differently? We …. We find that cash transfers lead to both higher fertility and welfare if parents strongly value the quantity of their …

This paper considers the effects of humanitarian aid on economic welfare through a demographic transition channel. We … monetary humanitarian aid on economic welfare. We conclude that if parents strongly value children, giving monetary aid … produces more children and yields higher welfare. This positive welfare effect dominates an indirect negative welfare effect …

This paper explores some implications of the comparison between feedback Nash and Stackelberg equilibria for growth and … welfare in a `voracity' model. We show that as compared to the Nash equilibrium, the Stackelberg equilibrium involves a lower … growth rate while it leaves both the leaders and the followers better o, i.e., the Stackelberg equilibrium is Pareto superior …

This paper explores some implications of the comparison between feedback Nash and Stackelberg equilibria for growth and … welfare in a ‘voracity’ model. We show that, as compared to the Nash equilibrium, the Stackelberg equilibrium involves a lower … growth rate, while it leaves both the leaders and the followers better off, i.e., the Stackelberg equilibrium is Pareto …

This paper considers the effects of humanitarian aid on economic welfare through a demographic transition channel. We … monetary humanitarian aid on economic welfare. We conclude that if parents strongly value children, giving monetary aid … produces more children and yields higher welfare. This positive welfare effect dominates an indirect negative welfare effect …