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Using micro-data from 48 developing countries, I document a recent reversal in the income-fertility relationship and its aggregate implications. Before 1960, children from larger families had richer parents and obtained more education. By century's end, both patterns had reversed. Consequently,...
Persistent link: https://www.econbiz.de/10010951054
The worldwide problem with pay-as-you-go (PAYG) social security systems isn't just financial. This study indicates that these systems may have exerted adverse effects on key demographic factors, private savings, and long-term growth rates. Through a comprehensive endogenous-growth model where...
Persistent link: https://www.econbiz.de/10005248856
Today's labor-scarce economies have open trade and closed immigration policies, while a century ago they had just the opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost two centuries? This paper seeks answers to this dual...
Persistent link: https://www.econbiz.de/10005087443
at a fixed wage-income level because population growth tends to outstrip real output growth. Dynamic equilibrium with … constant income and population is achieved through equilibrating adjustments in "positive checks" (mortality, starvation) and … economic stagnation with high fertility and mortality and constant population and income, as predicted by Malthus, but also for …
Persistent link: https://www.econbiz.de/10005710563
Klaus Deininger and Lyn Squire have recently produced an inequality data base for a panel of countries from the 1960s to the 1990s. We use these data to decompose the sources of inequality into three central parts: the demographic or cohort size effect; the so-called Kuznets Curve or demand...
Persistent link: https://www.econbiz.de/10005710901
such valuations differ is overstated when there are increasing returns to population and is understated under decreasing …
Persistent link: https://www.econbiz.de/10005720142
in OECD countries, some of which already face the prospect of population decline as well. While the trend is largely the …
Persistent link: https://www.econbiz.de/10005777761
-age population growing at a much faster pace than its dependent population during the period 1965-1990, thereby expanding the per … created by the transition. The empirical analyses indicate that population growth has a purely transitional effect on economic …
Persistent link: https://www.econbiz.de/10005778032
development. In our model, heterogeneous families determine fertility and children's human capital, and generations are linked via …
Persistent link: https://www.econbiz.de/10005778584
Mortality rates have fallen dramatically over time, starting in a few countries in the 18th century, and continuing to fall today. In just the past century, life expectancy has increased by over 30 years. At the same time, mortality rates remain much higher in poor countries, with a difference...
Persistent link: https://www.econbiz.de/10005778725