Showing 1 - 9 of 9
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010877922
fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … optimal if the education system has a fixed benefit rate. This design of education and pension systems assures that …
Persistent link: https://www.econbiz.de/10005765837
endogenous fertility, two regimes of education finance are compared: central and local education. Using numerical simulation, I … find that local education finance yields higher growth at the price of increased inequality. Aggregate fertility may be …
Persistent link: https://www.econbiz.de/10005765978
We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10005094204
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10005181293
Decisions concerning marriage, fertility, participation, and the education of children are explained using a two …, and (iv) length and effective enforcement of compulsory education. The predictions are consistent with two empirical … countries tend to get less education than boys of the same educational ability, and of why a substantial minority of women in …
Persistent link: https://www.econbiz.de/10005406405
women. Historically, women with more education have been the least likely to marry and have children, but this marriage gap … degree relative to women with fewer years of education. However, the patterns of, and reasons for, marriage have changed … marital patterns by education for men. …
Persistent link: https://www.econbiz.de/10008572535
The interaction between investment in children’s education and parental fertility is crucial in recent theories of the … significant negative causal effect of education on fertility, which is robust to accounting for spatial autocorrelation. The … causal effect of education is identified through exogenous variation in enrollment rates due to differences in landownership …
Persistent link: https://www.econbiz.de/10008799738
We study the relationship between education and fertility, exploiting compulsory schooling reforms in England and … Continental Europe, implemented between 1936 and 1975. We assess the causal effect of education on the number of biological … children and the incidence of childlessness. We find surprising results for Continental Europe: the additional education …
Persistent link: https://www.econbiz.de/10011075723