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

Author

Listed:
  • 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.

Suggested Citation

  • Persson, Joakim & Malmberg, Bo, 1997. "Human Capital, Demographics, and Growth across the US States 1920-1990," Seminar Papers 619, Stockholm University, Institute for International Economic Studies.
    • Handle: RePEc:hhs:iiessp:0619
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Demographics; Human capital; Regions; Growth; Convergence;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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