Search Results
Working Paper
Creative Destruction and the Reallocation of Capital in Rural and Urban Areas
We test the implications of Schumpeter’s theory of creative destruction on food manufacturer births and deaths using a dynamic, unobserved effects count model with correlated random effects. We find evidence of a creative destruction process via the interaction of previous firm birth and death, which is correlated with higher rates of contemporaneous firm birth and death in a given location. Results support Marshall’s notion of “something is in the air,” as evidenced by the strong correlation between sources of unobserved heterogeneity in the birth and death processes. Consistent with ...
Economic Development and the Evolution of Mortality
Since 1960, the gap in GDP per capita between rich and poor countries has remained wide. Yet the gap in death rates has practically vanished during that period.
Journal Article
How the Death Rate Affects the Aging of the US Population
What is the effect of death rates on the increased average age of the US population?
What Has Been Driving World Population Growth?
The world’s population more than doubled from 1960 to 2021 despite the birth rate falling. Declining death rates in lower-income countries drove the growth.