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The Effect of Health on Economic Growth: A Production Function Approach
Abstract We estimate a production function model of aggregate economic growth including two variables that microeconomists have identified as fundamental components of human capital: work experienceExpand
The Demographic Dividend: A New Perspective on the Economic Consequences of Population Change
This report reviews the debate over the effects of demographic change on economic growth and examines the research evidence on the economic impact of changes in age structure. It also examines theExpand
Infrastructure, Long-Run Economic Growth and Causality Tests for Cointegrated Panels
We investigate the consequences of various types of infrastructure provision in a panel of countries from 1950 to 1992. We develop new tests which enable us to isolate the sign and direction ofExpand
Fertility, female labor force participation, and the demographic dividend
We estimate the effect of fertility on female labor force participation in a panel of countries using abortion legislation as an instrument for fertility. We find that removing legal restrictions onExpand
Global Demographic Change: Dimensions and Economic Significance
Transitions from high mortality and fertility to low mortality and fertility can be beneficial to economies as large baby boom cohorts enter the workforce and save for retirement, while risingExpand
Infrastructure's Contribution to Aggregate Output
Using panel data for a cross-section of countries, the author estimates an aggregate production function that includes infrastructure capital. He finds that: 1) The productivity of physical and humanExpand
Longevity and Life-Cycle Savings
We add health and longevity to a standard model of life cycle saving and show that, under plausible assumptions, increases in longevity lead to higher savings rates at every age, even when retirementExpand
Demographic Change, Social Security Systems, and Savings
Analyzing a cross-country panel of macroeconomic data, it is found that increased longevity raises aggregate savings rates in countries with universal pension coverage and retirement incentives, though the effect disappears in countriesWith pay-as-you-go systems and high replacement rates. Expand
Higher Education and Economic Development in Africa
for their assistance on this paper, and are grateful for comments by Dr. Happy Kufigwa Siphambe. Special thanks goes to Peter Materu and William Saint for general guidance and specific comments andExpand
A Database of World Infrastructure Stocks, 1950-95
The author describes an annual database of physical infrastructure stocks for a cross-section of 152 countries for 1950-95. The database contains six measures: kilometers of roads; kilometers ofExpand