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"content": "<p>🔴 **The aging society: Is growth reverting to pre-industrial levels in the 21st century?**</p><p>_“In this paper, I have extended the literature in three dimensions, all of which more than counter the negative growth effects of the demographic transition on investment: 1) by showing that fertility transition-induced increase in enrollments into higher education has positive growth payoffs in the future; 2) by bringing ideas production and higher education into the center of the analysis; and 3) by allowing for the endogenous responses of education, innovative activity, investment, and labor force participation to the age structure of the population.”_</p><p>Madsen, J.B. (2024) 'The aging society: Is growth reverting to pre-industrial levels in the 21st century?,' Journal of Economic Behavior & Organization, 229, p. 106849. <a href=\"https://doi.org/10.1016/j.jebo.2024.106849\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">https://</span><span class=\"ellipsis\">doi.org/10.1016/j.jebo.2024.10</span><span class=\"invisible\">6849</span></a>.</p><p><a href=\"https://qoto.org/tags/OpenAccess\" class=\"mention hashtag\" rel=\"tag\">#<span>OpenAccess</span></a> <a href=\"https://qoto.org/tags/OA\" class=\"mention hashtag\" rel=\"tag\">#<span>OA</span></a> <a href=\"https://qoto.org/tags/Research\" class=\"mention hashtag\" rel=\"tag\">#<span>Research</span></a> <a href=\"https://qoto.org/tags/DOI\" class=\"mention hashtag\" rel=\"tag\">#<span>DOI</span></a> <a href=\"https://qoto.org/tags/Demography\" class=\"mention hashtag\" rel=\"tag\">#<span>Demography</span></a> <a href=\"https://qoto.org/tags/Productivity\" class=\"mention hashtag\" rel=\"tag\">#<span>Productivity</span></a> <a href=\"https://qoto.org/tags/Education\" class=\"mention hashtag\" rel=\"tag\">#<span>Education</span></a> <a href=\"https://qoto.org/tags/Economics\" class=\"mention hashtag\" rel=\"tag\">#<span>Economics</span></a> <a href=\"https://qoto.org/tags/Academia\" class=\"mention hashtag\" rel=\"tag\">#<span>Academia</span></a> <a href=\"https://qoto.org/tags/Academics\" class=\"mention hashtag\" rel=\"tag\">#<span>Academics</span></a> <span class=\"h-card\"><a href=\"https://a.gup.pe/u/economics\" class=\"u-url mention\">@<span>economics</span></a></span></p>",
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