Journal ArticleDOI
The mathematical theory of saving
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How Does Labor Mobility Affect Income Convergence
TL;DR: In this paper, the authors extended the neoclassical growth model to allow for mobile labor and found that the speed of income convergence is relatively insensitive to the degree of labor mobility, while outmigration directly contributes to faster income convergence but also creates a disincentive for gross capital formation.
Journal ArticleDOI
A time preference measure of the social discount rate for the UK
David J. Evans,Haluk Sezer +1 more
TL;DR: In this paper, the social discount rate for the UK is estimated, the result compared with the Treasury approved rate and the main associated policy implications considered, and a case is argued for reducing the official discount rate in appraisals involving all long-term social projects.