Human Capital, Demographics, and Growth across the US States 1920-1990
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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- Mulligan, C. B. & Sala-i-Martin, X., 1997.
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- Casey B. Mulligan & Xavier Sala-i-Martin, 1994. "A labor-income-based measure of the value of human capital: An application to the States of the United States," Economics Working Papers 106, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 1994.
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"Regional cohesion: Evidence and theories of regional growth and convergence,"
Economics Working Papers
104, Department of Economics and Business, Universitat Pompeu Fabra.
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Royal Economic Society, vol. 90(358), pages 314-29, June.
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- Sala-i-Martin, X., 1994. "Regional Cohesion: Evidence and the Theories of Regional Growth and Convergence," Papers 716, Yale - Economic Growth Center.
- Michael Sarel, 1995. "Demographic Dynamics and the Empirics of Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 398-410, June.
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