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youth cohort size. Finally, due to recent declines in fertility, some European countries will see reductions in the size of …
Persistent link: https://www.econbiz.de/10012472786
We present a model of efficient regulation along the lines of Demsetz (1967). In this model, setting up and running regulatory institutions takes a fixed cost, and therefore jurisdictions with larger populations affected by a given regulation are more likely to have them. Consistent with the...
Persistent link: https://www.econbiz.de/10012468459
This paper argues that the secular decline in mortality, which began during the eighteenth century, is still in progress and will probably continue for another century or more. The evolutionary perspective presented in this paper focuses not only on the environment, which from the standpoint of...
Persistent link: https://www.econbiz.de/10012474268
This paper examines the central hypothesis of the influential Malthusian theory, according to which improvements in the technological environment during the pre-industrial era had generated only temporary gains in income per capita, eventually leading to a larger, but not significantly richer,...
Persistent link: https://www.econbiz.de/10012461621
failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … transfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic inefficiency in …
Persistent link: https://www.econbiz.de/10012462988
This paper investigates how fertility responds to changes in the price of a marginal child and in household income. We … construct a large, individual-level panel data set of married Israeli women during the period 1999-2005 that contains fertility … subsidy for infra-marginal children). We find a significant and positive price effect on fertility: the mean level of marginal …
Persistent link: https://www.econbiz.de/10012464946
We provide evidence that lower fertility can simultaneously increase income per capita and lower carbon emissions …, eliminating a trade-off central to most policies aimed at slowing global climate change. We estimate the effect of lower fertility … on carbon emissions accounting for the fact that changes in fertility patterns affect carbon emissions through three …
Persistent link: https://www.econbiz.de/10012455795
This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....
Persistent link: https://www.econbiz.de/10014337818
Equity in housing is a major component of household wealth in the United States. Steady gains in housing prices over the last several decades have generated large potential gains in household wealth among homeowners. Mankiw and Weil (1989) and McFadden (1993b) have argued that the aging of the...
Persistent link: https://www.econbiz.de/10012474266
Real house prices are directly determined by the willingness of households to pay for (and willingness of builders to supply) a constant-quality house. Changes in the quantity of housing demanded will affect real prices only to the extent that the long-run housing supply schedule is positively...
Persistent link: https://www.econbiz.de/10012474627