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We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital through a combination of the quality of child-rearing and formal schooling. The existence of multiple steady states is established, including a poverty trap, wherein children work...
Persistent link: https://www.econbiz.de/10011403095
Paul Samuelson made a series of important contributions to population theory for humans and other species, evolutionary … theory, and the theory of age structured life cycles in economic equilibrium and growth. The work is highly abstract but much … of it was intended to illuminate issues of compelling policy importance, such as declining fertility and population aging …
Persistent link: https://www.econbiz.de/10012027303
We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy … have negative effects on the fertility rate, thus exacerbating population ageing. …
Persistent link: https://www.econbiz.de/10011855784
children's fertility. We use representative panel data from Germany to link observations on parents and adult children. We … retirement affects only the timing of adult children's fertility, without having an effect on total fertility. …
Persistent link: https://www.econbiz.de/10012178365
Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from … the final effects to the assumed target value and path of increased fertility. Since our study tries to quantify the … fiscal effects depend on the patterns of increased fertility. …
Persistent link: https://www.econbiz.de/10011997755
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10010529431
Persistent link: https://www.econbiz.de/10001784198
Persistent link: https://www.econbiz.de/10001982732
social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … fertility and the elderly labor supply in the economy as a whole. It shows that governments can realize the first …
Persistent link: https://www.econbiz.de/10012405524
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … decrease fertility less. Finally, the effects of the social security tax on capital per worker are negative with mandatory …
Persistent link: https://www.econbiz.de/10011994093