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We use an overlapping generations model of human capital accumulation to study the impact of the AIDS crises on growth. In our model, the AIDS crisis lowers life expectancy and thus the incentive to save and accumulate physical capital. Moreover, the AIDS crisis lowers the returns to human...
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Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to …
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Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to …
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One common feature of all empirical wage curve studies is the underlying assumption that the unemployment rate is the … amounts on labor market training programs. As training programs maintain the search effectiveness of the unemployed and … unemployment. …
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