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Income distribution and macroeconomics revisited: The role of fertility adjustment

Nakagawa, Masao; Sugimoto, Yoshiaki - 2009

This paper develops a theory in which households prepare for future education by adjusting the number of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth.

Persistent link: https://www.econbiz.de/10010332195

Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods

Bettendorf, Leon; Heijdra, Ben - 2005

In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...

Persistent link: https://www.econbiz.de/10010325541

How to Avoid a Pension Crisis: A Question of Intelligent System Design

Cigno, Alessandro - 2009

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Persistent link: https://www.econbiz.de/10010331423

Kinderbetreuung versus Kindergeld: sind mehr Geburten und höhere Beschäftigung möglich?

Haan, Peter; Wrohlich, Katharina - In: DIW Wochenbericht 77 (2010) 30, pp. 2-4

Die Vereinbarkeit von Beruf und Familie ist seit einiger Zeit eines der wichtigsten familienpolitischen Ziele. Zum einen, weil es Eltern, insbesondere Müttern, erleichtert werden soll, erwerbstätig zu sein. Zum anderen, weil die Hoffnung besteht, dass die Geburtenrate steigt, wenn berufliche...

Persistent link: https://www.econbiz.de/10011602206

Fertility, Female Labor Supply, and Family Policy

Fehr, Hans; Ujhelyiova, Daniela - 2010

The present paper develops a general equilibrium model with overlapping generations and endogenous fertility in order … to analyze the interaction between public policy and household labor supply and fertility decisions. The model …'s benchmark equilibrium reflects the current family policy as well as the differential fertility pattern of educational groups in …

Persistent link: https://www.econbiz.de/10011600973

Habit Formation, Dynastic Altruism, and Population Dynamics

Schäfer, Andreas; Valente, Simone - 2007

endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in … fertility; station- ary income per capita is associated with either increasing or decreasing population and output, depending on … fertility: the trade-off between second-period consumption and spending for bequests prompts agents to decrease fertility in …

Persistent link: https://www.econbiz.de/10011753141

Survival to Adulthood and the Growth Drag of Pollution

Schaefer, Andreas - 2016

Environmental pollution adversely affects children’s probability to survive to adulthood, reduces thus parental expenditures on child quality and increases the number of births necessary to achieve a desired family size. We argue that this mechanism will be intensified by economic inequality...

Persistent link: https://www.econbiz.de/10011753305

Endogenous Growth with Endogenous Fertility and Social Discrimination in Education

Schäfer, Andreas - 2002

We simulate a two-sectoral, three-period OLG-model with endogenous fertility and endogenous education. Parents receive … increase and fertility declines dur- ing the process of economic development. Therefore, the model is able to explain the … recent fertility decline, in all developed countries, and to single out the determinants for long-run growth in per capita …

Persistent link: https://www.econbiz.de/10010319324

Essays on demography, social mobility, and the development of the welfare state: A historical perspective

Boberg-Fazlic, Nina - 2014

Persistent link: https://www.econbiz.de/10012503160

Contribution of demography to economic growth

Sánchez-Romero, Miguel; Abio, Gemma; Patxot, Concepció; … - In: SERIEs - Journal of the Spanish Economic Association 9 (2018) 1, pp. 27-64

From 1850 to 2000, in Western European countries life expectancy rose from 30-40 to 80 years and the average number of children per woman fell from 4 to 5 children to slightly more than one. To gauge the economic consequences of these demographic trends, we implement an overlapping generations...

Persistent link: https://www.econbiz.de/10011994612

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