The replacement effect and comparisons of per capita income across countries
A short note
Bibliographic Data
| ID | 10967862 |
|---|---|
| Authors | Andrew Mason (0000-0003-4578-1800, East-West Population Institute, East-West Center, Honolulu, Hawaii 96848, corresponding author) |
| Year | 1988 |
| Volume | 25 |
| Issue | 1 |
| Pages | 141-144 |
| Publication date | 1988-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Demography (JOURNAL) |
| Journal identifiers | ISSN: 0070-3370 • E-ISSN: 1533-7790 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.2307/2061483 |
| OpenAlex | W4299467715 |
| Language | EN |
| References cited | 4 |
This article is intended to clarify two aspects of Leibenstein’s replacement effect that have not been adequately addressed in print. First, formal analysis of the replacement effect demonstrates that it is not determined by the quality of entering and departing workers alone but, rather, by the entire age schedule of labor quality. Second, a simple model is used to demonstrate the absence of welfare implications associated with the replacement effect and to quantify the magnitude of the replacement effect
Demographic economics · Econometrics · Economics · Labour economics · Per capita · Per capita income · Population · Quality (philosophy · Schedule · Sociology · Welfare · Demography · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth
| Highly cited | No |
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