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Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate microfounded fertility and schooling into an otherwise standard R&D-based growth model. We...
Persistent link: https://www.econbiz.de/10010289001
of mass education and the demographic transition. The ongoing child quality-quantity trade-off during the transition …. Because growth in modern economies is based on the education of the workforce, the medium-run prospects for future economic …
Persistent link: https://www.econbiz.de/10010311668
This paper presents a non-Malthusian theory of long-term development We model the interplay between the process of human capital formation, technological progress, and the biological constraint of finite lifetime expectancy. All these processes are interdependent and determined endogenously. The...
Persistent link: https://www.econbiz.de/10011413569
This paper presents a microfounded theory of long-term development. We model the interplay between economic variables, namely the process of human capital formation and technological progress, and the biological constraint of finite lifetime expectancy. All these processes affect each other and...
Persistent link: https://www.econbiz.de/10013320408
In this paper we investigate the impact of technological change on inequalityin the presence of a landed elite using a …-off eventually disabled the Malthusian mechanism, and technological progress triggered education and benefited workers. If the …
Persistent link: https://www.econbiz.de/10012204880
Can the demographic trends of increased life expectancy and decreasing birth rates, along with the labor market patterns of returns to human capital investment and changes in real hourly earnings, account for changes in women's and men's lifetime earnings? Using a Vector Error Correction Model...
Persistent link: https://www.econbiz.de/10014520391
Persistent link: https://www.econbiz.de/10012312325
literature. In this setup increases in longevity raises the investment in education - time in school - and retirement. The model …This article studies the impact of longevity and taxation on life-cycle decisions and long run income. Individuals … allocate optimally their total lifetime between education, working and retirement. They also decide at each moment how much to …
Persistent link: https://www.econbiz.de/10014062339
Persistent link: https://www.econbiz.de/10002435361
Conventional R&D-based growth theory suggests that productivitygrowth is positively correlated with population size or population growth,an implication which is hard to see in the data. Here we integrate R&D-basedgrowth into a unied growth setup with micro-founded fertility and...
Persistent link: https://www.econbiz.de/10009302604