This research develops a theory about the role of within-country income inequality leading to overtaking in economic performance among countries. The theory captures two opposing effects of inequality on factor accumulation and suggests that the qualitative change in their combined effect is a...

The ‘Cuban safety-valve theory’ explains sustained survival of Cuban socialism in part through the high levels of emigration, following Hirschman’s model of ‘exit’ undermining ‘voice’. The article argues that this remains insufficient in two important ways. Taking a closer look at...

The paper assumes a continuum of two period-lived agents; agents are identical except for the inherited income. Young agents optimally allocate their inherited income between consumption and investment in human capital in a stochastic environment. In the second period they receive a wage...

En los últimos años, se han realizado diversos estudios a nivel mundial utilizando el modelo de crecimiento y convergencia económica, a través de países y de regiones. Para el caso de México, hasta la segunda mitad de los noventas comienza el análisis empírico de la convergencia...

The rapid increase in adult mortality due to the AIDS epidemic in sub- Saharan Africa raises great concern about its impact on child welfare. This article estimates the impact of AIDS-related adult mortality on primary school attendance in rural Kenya using a panel of 1,266 households surveyed...

This paper briefly summarizes and discusses that type of new growth models which are based on externalities created by investments in human capital. ***** TURKCE OZET: Bu makalede, yeni/içsel buyume modellerinin beseri sermayeye dayali turlerini ozetlemekte ve degerlendirmektedir. [Calisma...

This paper presents the methodology and results of labour force projections over the long term (until 2050) for each of the 25 EU Member States. These projections were undertaken in order to provide the background technical inputs for the assessment of the potential economic and fiscal impact of...