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Human Capital, Demographics, and Growth across the US States 1920-1990

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Author Info
Persson, Joakim (Institute for International Economic Studies, Stockholm University)
Malmberg, Bo (Institute for Building Research)
Abstract

This paper finds robust evidence that age structure matters for subsequent growth in per capita income across the US states 1920-1990. The age groups 25-65 year are positively related to subsequent per capita income growth. Another conclusion is that the average years of schooling affects subsequent per capita income growth positively when age structure is controlled for. Moreover, the estimated speed of convergence (see e.g. Barro and Sala-i-Martin, 1992) increases substantially when schooling and age structure are held constant in the income growth regressions.

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Publisher Info
Paper provided by Stockholm University, Institute for International Economic Studies in its series Seminar Papers with number 619.

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Length: 21 pages
Date of creation: 30 Oct 1997
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Handle: RePEc:hhs:iiessp:0619

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Postal: Institute for International Economic Studies, Stockholm University, S-106 91 Stockholm, Sweden
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Related research
Keywords: Demographics; Human capital; Regions; Growth; Convergence;

Find related papers by JEL classification:
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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  1. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1991-1), pages 107-182. [Downloadable!]
    Other versions:
  2. Xavier Sala-i-Martin, 1994. "Regional Cohesion: Evidence and Theories of Regional Growth and Convergence," Economics Working Papers 104, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    Other versions:
  3. Mulligan, Casey B & Sala-i-Martin, Xavier, 1995. "A Labour-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States," CEPR Discussion Papers 1146, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  4. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 1127-70, November. [Downloadable!] (restricted)
  5. Sala-i-Martin, X., 1994. "Regional Cohesion: Evidence and the Theories of Regional Growth and Convergence," Papers 716, Yale - Economic Growth Center.
  6. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May. [Downloadable!] (restricted)
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  7. Lindh, T. & Malmberg, B., 1995. "Human Capital, Age Structure, and Growth in OECD , 1950- 1990," Papers 1995-10, Uppsala - Working Paper Series.
  8. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-29, June. [Downloadable!] (restricted)
    Other versions:
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