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quantitative macroeconomic theory. We apply the model to examine the effect of a change in fertility from the UN medium-variant to …We assess quantitatively the effect of exogenous reductions in fertility on output per capita. Our simulation model …
Persistent link: https://www.econbiz.de/10013120983
the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …
Persistent link: https://www.econbiz.de/10013125156
We study how endowments, investments and fertility interact to produce human capital in childhood. We begin by …
Persistent link: https://www.econbiz.de/10013100126
The pay-as-you-go social security system, increasingly burdened by dwindling labor force, can benefit from immigrants whose birth rates exceed those of the native born birth. The paper examines adynamic political-economy mechanism through which the social security system influences the young...
Persistent link: https://www.econbiz.de/10013152617
We use an extended Barro-Becker model of endogenous fertility, in which parents are heterogeneous in their labor …
Persistent link: https://www.econbiz.de/10013158534
who are not born. We show how these concepts relate to the notion of Pareto-efficiency when fertility is exogenous. We …
Persistent link: https://www.econbiz.de/10012783878
behavior and contraceptive use. Evidence from this analysis suggests that the reduction in fertility associated with raising …
Persistent link: https://www.econbiz.de/10012760123
achieved through the incorporation of altruism and fertility in quot;value of lifequot; type of framework. We are able to … lifequot; and on intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis …
Persistent link: https://www.econbiz.de/10012760449
Is the stock market boom a result of the baby boom? This paper develops an overlapping generations model in which a baby boom is modeled as a high realization of a random birth rate, and the price of capital is determined endogenously by a convex cost of adjustment. A baby boom increases...
Persistent link: https://www.econbiz.de/10012762982
Over the past century fertility behavior in the United Stated has undergone profound changes Measured by cohort … fertility the average number of children per married woman had declined from about 5.5 children at the time of the Civil War to … took place in the dispersion of fertility among these women: the percentage of women with, say, seven or more children …
Persistent link: https://www.econbiz.de/10012763230