annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

We study how mortality reductions and income growth interact, looking at their relationship prior to the Industrial … differences in income. These channels are operative through differential mortality induced by medecine effectiveness that turns …

probabilities always induce longer schooling and later retirement but have an ambiguous effect on growth. The relationship between … a no-growth regime to a sustained growth regime and for a positive relationship between fertility and growth to vanish. …

active generations, education of the young, the retirement decision of older workers, and aggregate per capita growth, are …

Very few studies have explored the optimality properties of the "standard model" of fertility where parents must …

This paper develops a theory of optimal fertility behavior under mortality schocks. In a 3-periods OLG model, young … shocks raise fertility due to insurance and life-cycle mechanisms respectively. In general equilibrium, adult mortality … shocks give risse to price effects (notably through rising wages) lowering fertility, in contrast to child mortality shocks …