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Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio …-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are …-2011), we identify the causal effect of intergenerational mobility on household expenditure’s future growth. We find that …
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Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83 … to the aging of the US population; however, lower productivity growth would result in higher optimal pension payments. In …
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