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censuses and demographic surveys particularly the World Fertility Survey to ascertain trends in fertility and mortality. The … that fertility has increased in some countries--Kenya and Cameroon; has remained almost stable in Benin, Ivory Coast and ….e. breastfeeding and post-partum abstinence; and a reduction in the level of sterility. As far as trends in mortality are concerned …
Persistent link: https://www.econbiz.de/10009438868
This paper develops a theory of optimal fertility behavior under mortality shocks. In an OLG model, young adults … determine their optimal fertility, labor supply and life-cycle consumption with both exogenous child and adult mortality risks …. We show that a rise in adult mortality exerts an ambiguous effect on both net and total fertility in a general …
Persistent link: https://www.econbiz.de/10009475916
Replaced with revised version of paper 08/24/09.
Persistent link: https://www.econbiz.de/10009444818
We consider a Diamond-type model of endogenous growth in which there are three assets: fiat money, government bonds, and equity. Because of productivity shocks, the equity return is uncertain, and risk-averse investors require a positive equity premium. Typically, there exist two steady states,...
Persistent link: https://www.econbiz.de/10009471679
We incorporate a wage-bargaining structure in a dynamic general equilibrium model and show how this feature changes short- and long-run properties of equilibria compared with a perfectly competitive setting.We discuss how employment, capital and income shares respond to wage-setting shocks and...
Persistent link: https://www.econbiz.de/10009471681
This paper considers an endogenous growth model with productive government spending in which overlapping generations of agents vote sequentially on policy. With sequential majority voting, there is a multiplicity of politico-economic equilibria originating from self-fulfilling policy...
Persistent link: https://www.econbiz.de/10009471682
In this paper, we analyze how to utilize discount rates in intergenerational projects. Firstly, neoclassical decision-making is depicted in Ramsey and overlapping-generations models (OLG-models). Afterwards we investigate the utilization of time preference rates and opportunity cost rates in an...
Persistent link: https://www.econbiz.de/10009475344
The 1980s and 1990s have been marked with a series of financial and banking crises all over the world. This turned the attention of economists to such questions as how a financial system should be structured in order to reduce the vulnerability of an economy to the risk of a crisis, or what...
Persistent link: https://www.econbiz.de/10009476251
In this article we extend the recent literature on overlapping generations with a pollution sector by allowing generations to have a certain pollution perception with regards to the stock of pollution. Pollution perception, assumed to be part of the generations' preferences, can be either a...
Persistent link: https://www.econbiz.de/10009452479
Este artículo considera un modelo de generaciones solapadas, aplicado a una economía pequeña, abierta al comercio internacional y caracterizada por la existencia de competencia imperfecta en los mercados de bienes y de trabajo, para analizar: i) cuáles fueron los principales determinantes de...
Persistent link: https://www.econbiz.de/10012530332