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In the period before the onset of demographic transition, when fertility rates were positively associated with income …
Persistent link: https://www.econbiz.de/10005787229
Three profound changes - the mortality, fertility and contraception transitions - characterized the Victorian era in … their fertility target at no cost. The historical experience from Victorian England is at odds with this view of costless … fertility regulation. We incorporate costly fertility limitation into the Becker paradigm: in our story, the mortality …
Persistent link: https://www.econbiz.de/10011110051
. When child mortality falls from lower prevalence, as in western Europe, labor productivity improves, fertility falls and …
Persistent link: https://www.econbiz.de/10011258348
We develop an overlapping generation model to examine how the relationship between status concerns, fertility and … facts about fertility during the "great transition". …
Persistent link: https://www.econbiz.de/10005836362
This paper investigates household decisions, and optimal taxation in an overlapping generations model in which individual utility depends on a weighted average of consumption of ones peers --- a ``keeping up with the Joneses'' consumption externality. In contrast to representative agent...
Persistent link: https://www.econbiz.de/10005025694
positions in the demographic cycles. The effects of lower lifetime fertility and technological progress are also examined. …
Persistent link: https://www.econbiz.de/10009325570
The quantity theory is disjunct to the hard core of general equilibrium theory. It does not relate to the formal foundations of standard economics and, vice versa, from the behavioral axioms of standard economics a rationale for using money cannot be derived. The present paper leaves the...
Persistent link: https://www.econbiz.de/10009203609
Farmer and Wendner (2004) consider the sensitivity of policy effects, as implied by dynamic multi-sector computable general equilibrium models, with respect to the specification of capital and investment aggregation. They demonstrate that (small) differences in the specification of capital and...
Persistent link: https://www.econbiz.de/10005787055
In this paper we examine the welfare effects of government's preferences over consumption and investment spending under different methods of financing in a two-period OLG model. The government has a utility function defined over the decomposition of her spending over two periods and raises funds...
Persistent link: https://www.econbiz.de/10005787129
This note develops an overlapping generations model with credit rationing on research and development, in which both are determined simultaneously and endogenously. The model provides a useful tool to examine different policies that may help alleviate the negative effect of �financial...
Persistent link: https://www.econbiz.de/10005789230