This paper consolidates two previously disconnected literatures. It integrates R&D-based
innovations into a unified growth framework with micro-founded fertility and schooling …

Unified growth theory predicts that the timing of the fertility transition is a key determinant of
contemporary comparative development, as it marks the onset of the take-off to sustained …

Workers in the US and other developed countries retire no later than a century ago and
spend a significantly longer part of their life in school, implying that they stay less years in …

Although private foreign aid has expanded dramatically in recent years, we still lack detailed
information on the allocation of those private aid flows. We use a novel approach to examine …

This article proposes a theory for the gradual evolution of knowledge diffusion and growth
over the very long run. A feedback mechanism between capital accumulation and the ease …

We survey the theoretical and empirical literature on local and international tax competition
in Economics. Based on this survey, we discuss whether EU countries should harmonize tax …

In recent decades, most industrialized countries experienced declining population growth
rates caused by declining fertility and associated with rising life expectancy. We analyze the …

We set up a simple overlapping generation model that allows us to distinguish between life
expectancy and active life expectancy. We show that individuals optimally adjust to a longer …

Traditionally economic theory assumes that preferences are stable facilitating positive
predictions of economic policy. While there is conflicting experimental evidence on the …

This paper extends the theory of optimal aging and death (Dalgaard and Strulik, 2010, 2013)
towards uncertain death. Specifically, it is assumed that at any age the probability to survive …