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function. Differences in population growth rates, life-expectancies, retirement durations, and the degree of concavity of the … growth trap” in economies where life expectancy is short, fertility rates are high, and households work most of their lives …
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We study how mortality reductions and income growth interact, looking at their relationship prior to the Industrial … differences in income. These channels are operative through differential mortality induced by medicine effectiveness that turns …
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In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of...
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hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the … for the present century, where birth and mortality rates in most western countries are steeply declining. …
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