This paper is the first empirical framework that explains the phenomenon of fast growth combined with the demographic transition occurring in the United States since 1860. I propose a structural model that unifies those events through the role of education: the key feature is that parental...

We assess whether during the recent financial crisis banking systems in countries with more stringent prudential banking regulation have proved more stable. We find indicators of regulatory strength to be relatively well correlated with the extent to which countries have escaped damage during...

This paper compares the results of an experiment conducted both in the laboratory and online with participants recruited from the same subject pool using the Trustlab platform. This platform has been used to obtain incentivized and internationally comparable behavioral economics measures of...

Depuis longtemps ce discours domine les media : les inégalités, à l'intérieur des pays comme entre les pays, ne cessent de croître. Il est tenu par beaucoup de journalistes, de militants antimondialistes, d'économistes et d'organisations internationales et il s'appuie sur une réalité :...

Nos simulations du document P25 sur l'évolution utilisées de l'inégalité mondiale de 1992 à 2030 reposent sur l'hypothèse que les distributions à l'intérieur des pays sont parfaitement stables depuis 1992. Nous avions repris pour toutes les années les distributions internes de 1992...

This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose a unified framework that encompasses the growth effects of both the rate of improvement of health and the level of health. Based on cross-country regressions over the period...

This paper derives original series of average years of schooling in the United States 1870-1930, which take into account the impact of mass migrations on the US educational level. We reconstruct the foreign-born US population by age and by country of origin, while combining data on the flow of...

We argue that a rational-economic model of how societies choose their paygo tax rate can explain the cross section variance of these rates in large, developed OECD economies. Using a two-period OLG framework, we suggest that paygo tax rates are determined by a representative agent and a...