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change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging …
Persistent link: https://www.econbiz.de/10003908043
change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging …
Persistent link: https://www.econbiz.de/10003923496
model for the US economy. First, we establish that the net eect of a declinein population growth on the growth rate of per …
Persistent link: https://www.econbiz.de/10009262196
change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging …
Persistent link: https://www.econbiz.de/10011422203
change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging …
Persistent link: https://www.econbiz.de/10010274332
change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging …
Persistent link: https://www.econbiz.de/10008474193
change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging …
Persistent link: https://www.econbiz.de/10008572495
Does population aging and the associated increase in the old-age dependency ratio affect economic growth ? The answer … is given in a novel analytical framework that allows for population aging to affect endogenous capital- and labor …-saving technical change. The short-run analysis reveals that population aging induces more labor- and less capital-saving technical …
Persistent link: https://www.econbiz.de/10011095240
Using European data, this paper finds that (1) industry entry and exit rates are positively related to industry rates of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross-country differences in entry costs depends on industry rates of...
Persistent link: https://www.econbiz.de/10013159161
At least since 1870 hours worked per worker declined and real wages increased in many of today’s industrialized countries. The dual nature of technological progress in conjunction with a consumption-leisure complementarity explains these stylized facts. Technological progress drives real wages...
Persistent link: https://www.econbiz.de/10011892056