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We examine the importance of institutions and geography for determining workers' wages and the return to capital. These returns to labor and capital are examined through the lens of labor and capital's productivities, which are directly related to the factors' returns. We estimate productivities...
Persistent link: https://www.econbiz.de/10005649968
Children born to unmarried parents may receive lower human capital investments, leading to higher levels of criminal activity as adults. Therefore, unmarried fertility may be positively associated with future crime. Alternatively, in an environment in which social stigma attached to nonmarital...
Persistent link: https://www.econbiz.de/10008646511
costs after the end of the Second World War, but ending by 1970. In addition we introduce a new puzzle to the profession. Given the magnitude of the Baby Boom, roughly equal to fertility in 1900 for many of these countries, why did schooling of the Baby Boom cohorts not fall to the 1900 level of...
Persistent link: https://www.econbiz.de/10011080644
This paper introduces a new data set of state-level physical capital in the United States from 1840 to 2000. The new data is combined with measures of the labor force, human capital, land, and output by state to perform traditional accounting decom- positions. Growth in measured inputs accounts...
Persistent link: https://www.econbiz.de/10011080860
This paper presents new estimates of the benets of equal education opportunity for blacks over the period 1820-2000. For the better part of US history, blacks have enjoyed less access to schooling for their children than whites. This paper attempts to quantify the value of this discrimination....
Persistent link: https://www.econbiz.de/10011108263
We present a model capable of explaining 200 years of declining fertility, 200 years of rising educational achievement and a significant Baby Boom for the United States and twenty other industrialized market countries. We highlight the importance of secularly declining young adult mortality risk...
Persistent link: https://www.econbiz.de/10011109532
We present new data on real output per worker, schooling per worker, human capital per worker, real physical capital per worker for 168 countries. The output data represent all available data from Maddison. The physical capital data represent all available data from Mitchell. One major...
Persistent link: https://www.econbiz.de/10011110184
We present a general equilibrium dynamic model that characterizes the gap between optimal and equilibrium fertility and investment in human capital. In the model, the aggregate production function exhibits increasing returns to population arising from specialization but households face the...
Persistent link: https://www.econbiz.de/10011111519
This extended data appendix describes the sources and methods used to construct the data used in our paper "Economic Growth in the Long Run."
Persistent link: https://www.econbiz.de/10011114018
Using newly created data containing real output per worker, real physical capital per worker, and human capital per worker for US states from 1840 to 2000, Turner et. al (2007) analyze the growth rates of aggregate inputs and total factor productivity (TFP). We continue this line of work by...
Persistent link: https://www.econbiz.de/10005623194