Life-cycle savings, bequest, and a diminishing impact of scale on growth

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2009
Volume: 33
Issue: 9
Pages: 1639-1647

Authors (2)

Dalgaard, Carl-Johan (not in RePEc) Jensen, Martin Kaae (University of Nottingham)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The present paper shows that the savings motive critically affects the size and sign of scale effects in standard endogenous growth models. If the bequest motive dominates, the scale effect is positive. If the life-cycle motive dominates, the scale effect is ambiguous and may even be negative.

Technical Details

RePEc Handle
repec:eee:dyncon:v:33:y:2009:i:9:p:1639-1647
Journal Field
Macro
Author Count
2
Added to Database
2026-01-25