【摘 要】
：
A unified growth model is estimated from English economy data for up to six hundred years.At the core of the overlapping generations,rational expectations m
【机 构】
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CardiffBusinessSchool,CardiffUniversity,CF53EU
【出 处】
：
The 5th International Symposiumon on Quantitative History(第五
论文部分内容阅读
A unified growth model is estimated from English economy data for up to six hundred years.At the core of the overlapping generations,rational expectations model is house-hold choice about target number and quality of children,as well as female age at mar-riage.The moments of births,deaths,population and the real wage,are closely matched by the estimated model.The association of the first Industrial Revolutions and the late female age at first marriage in North-West Europe is ultimately explained by the ending of the High Mortality Regime of the 14th and 15th centuries and the distinctive contri-bution of late marriage to human capital accumulation broadly interpreted.Without the Western European Marriage Pattern in England there would have been no sustainable growth in real wages over the period traditionally assigned to the Industrial Revolution.
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