Cognitive performance in late adulthood is critical for better welfare and understanding the causes of human capital depreciation in old age is increasingly crucial in aging societies. Using data from South Africa, we study how early life education affects cognition, a component of human capital...

In this article, an updated approach to investigate the effects of demographic fac- tors on economic growth is proposed. The initial hypothesis was that these factors significantly affected production proportions, determining development vectors. The predictable shifts in production dynamics are...

Productive consumption enables the satisfaction of current needs and, at the same time, increases the productive potential of labour. Theoretical as well as empirical evidence suggests that productive consumption is primarily relevant to low-income countries. From the perspective of growth...

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....

This paper discusses the influence of development level of generations on innovative development of a country in case of Kazakhstan. Parameters which influence the development level of human capital and innovative development level of a region were determined. Direct influence of human capital...