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The Population Age Distribution, Human Capital, and Economic Growth: The U.S. states 1930-2000

Listed author(s):
  • Persson, Joakim

    (Department of Business, Economics, Statistics and Informatics)

Registered author(s):

    Abstract This paper introduces age-based population heterogeneity in the Mankiw, Romer, and Weil (1992)model to improve measurement of aggregate labor and aggregate human capital. The estimation results are consistent with this model, and they indicate a hump-shaped and quantitatively important partial relation between the initial population age distribution and the subsequent rate of economic growth for the U.S. states for the period 1930-2000. This paper also finds that the estimated growth effects of the initial level of income per capita, of educational attainment, and of variables measuring the population growth rate are substantially biased if the age distribution is not accounted for.

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    Paper provided by Örebro University, School of Business in its series Working Papers with number 2004:7.

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    Length: 20 pages
    Date of creation: 23 Nov 2004
    Handle: RePEc:hhs:oruesi:2004_007
    Contact details of provider: Postal:
    Örebro University School of Business, SE - 701 82 ÖREBRO, Sweden

    Phone: 019-30 30 00
    Fax: 019-33 25 46
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