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In a recent paper, Acemoglu and Johnson (2007) argue that the large increases in population health witnessed in the 20th century may have lowered income levels. We argue that this result depends crucially on their assumption that initial health and income do not affect subsequent economic...
Persistent link: https://www.econbiz.de/10005079142
A considerable amount of uncertainty surrounds life expectancy, the average length of life. The standard deviation in adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility-theoretic model of preferences over length of life and show...
Persistent link: https://www.econbiz.de/10005710292
What is the effect of increasing life expectancy on economic growth? To answer this question, we exploit the international epidemiological transition, the wave of international health innovations and improvements that began in the 1940s. We obtain estimates of mortality by disease before the...
Persistent link: https://www.econbiz.de/10005088586
This paper studies the contribution of sulfa drugs, a groundbreaking medical innovation in the 1930s, to declines in U.S. mortality. For several often-fatal infectious diseases, sulfa drugs represented the first effective treatment. Using time-series and difference-in-differences methods (with...
Persistent link: https://www.econbiz.de/10005055440
commodities to investment in children. For some, these changes meant that marriage was no longer worth the costs of limited … different functions among different groups. The poor and less educated are much more likely to rear children in cohabitating … relationships. The college educated typically cohabit before marriage, but they marry before conceiving children and their marriages …
Persistent link: https://www.econbiz.de/10010969382
averaged the same number of children born over their lifetimes. In contrast to conventional wisdom, the mean age of household …. These three features of the 20th century fertility decline have implications for children's opportunities, children …
Persistent link: https://www.econbiz.de/10010969391
-side explanations for this decline--that rising land prices and literacy caused a decrease in demand for children--historians and others … measure the effect of changes in the supply of fertility technologies on the number of children born. I estimate an increase …
Persistent link: https://www.econbiz.de/10010951133
children in the disaster are significantly more likely to bear additional children after the tsunami. This response explains … about 13 percent of the aggregate increase in fertility. Second, women without children before the tsunami initiated family …
Persistent link: https://www.econbiz.de/10010951437
Recent studies based on US data have provided evidence to suggest that the 'quarter of birth' (QOB) may be endogenous and that the use of QOB as an instrumental variable will consequently produce inconsistent estimates (see Buckles and Hungerman, 2013). Such potential endogeneity is addressed in...
Persistent link: https://www.econbiz.de/10010951454
We assess quantitatively the effect of exogenous reductions in fertility on output per capita. Our simulation model allows for effects that run through schooling, the size and age structure of the population, capital accumulation, parental time input into child-rearing, and crowding of fixed...
Persistent link: https://www.econbiz.de/10009277258