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changes in fertility and mortality on the developed world’s demographic transition. The model features three regions – the U ….S., Japan, and the EU-15 – and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions … economic consequences of both higher fertility and lower mortality rates. The simulations indicate very minor effects on the …
Persistent link: https://www.econbiz.de/10005094438
factors underlying historical fertility limitation, the role of parental education has received little attention. We combine … their fertility before the demographic transition. Despite controlling for several demand and supply factors, we find a … negative residual effect of women's education on fertility. Instrumental-variable estimates, using exogenous variation in women …
Persistent link: https://www.econbiz.de/10009020793
fertility model that generates an endogenous demographic transition by means of distinguishing between female and male labor. We …
Persistent link: https://www.econbiz.de/10005196215
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10005406263
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging affects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10008572495
A demographic transition resulting from an increase in the size of the young working age population can be a blessing or a curse for economic performance. We focus on the political stability effects of a larger youth population and hypothesize that corruption matters in this nexus. Using panel...
Persistent link: https://www.econbiz.de/10011103400
Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the payas-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates the...
Persistent link: https://www.econbiz.de/10011163065
In a model with endogenous fertility and labor supply three instruments of family policies are analyzed: child benefits …
Persistent link: https://www.econbiz.de/10010877797
We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since her bargaining power would go down otherwise more strongly, the wife agrees to have a child only if the husband also leaves the labor market for a while. The daddy months...
Persistent link: https://www.econbiz.de/10010948876
whether i) the parents control their fertility or not, ii) they value their children or not. Second, it investigates the … all "relevant" senses identical should be treated identically); it turns out that under endogenous fertility, any winning … policy trivially satisfies horizontal equity, but if fertility is exogenous for some of (or all) the parents, horizontal …
Persistent link: https://www.econbiz.de/10010540255