Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim; … - Economics Department, University of California-Davis - 2009
index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We calibrate a multigenerational … model with education, physical capital, knowledge and the environment. We reject discounted utilitarianism and adopt, first … generations. They require doubling the labor resources devoted to the creation of knowledge, whereas the fractions of labor …