accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children … that longevity and health have had a minor effect, if any, on the transition from stagnation to growth via investment in …This article challenges conventional wisdom by arguing that greater longevity cannot explain the significant …

saving rate; (ii) strengthen the effect of growth on saving; and (iii) increase the growth rate if productivity growth is … endogenous. These propositions are supported by cross-country regressions of saving and growth rates on indicators of liquidity … further reduction in saving and growth rates. …

turn, slowed down growth. In this essay a preliminary reconstruction of the balance of payments on current account allows …

link the population of a country to a host of economic and social phenomena. Using both graphical and statistical …

of future population size. The essay begins with a summary of welfare economic theory as it pertains to situations where … population size is not subject to choice, and notes that a symmetry (or anonymity) axiom on social welfare functions has almost … invariably been invoked in the theory. It then summarizes optimum population theory and emphasizes that the existing theory …

Crowding-out during the British Industrial Revolution has long been one of the leading explanations for slow growth …, and that the magnitude of the effect is important enough to explain at least partly why British growth during the period …

growth stocks, and the failure of the capital asset pricing model to explain these expected returns. To model the difference … between value and growth stocks, we introduce a cross-section of long-lived firms distinguished by the timing of their cash …, but that shocks to the time-varying price of risk are not. As long-horizon equity, growth stocks co-vary more with this …