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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
In this paper, we develop an overlapping generation model with imperfect competition and land to provide a theoretical …-proportional increase in land prices in developed countries. The model developed for analysis has close similarity with the standard … neoclassical overlapping generation model with endogenous growth and land. The main difference between the standard neoclassical …
Persistent link: https://www.econbiz.de/10013201402
Since the seminal work of Becker, the analysis of endogenous fertility has been based on the trade-off faced by parents between the quantity and the quality of their children. In order to have an interior solution, the model assumes that in case children work, still they get positive income from...
Persistent link: https://www.econbiz.de/10010335966
This paper investigates the problem of an \optimum population" concerning age structures in a 3-period OLG-model with endogenous fertility and longevity. The first-best solution for a number-dampened total social welfare function, including Millian and Benthamite utilitarianism as two extreme...
Persistent link: https://www.econbiz.de/10010420302
van Groezen, Leers and Meijdam (2003) (for short, GLM) analyzed combination of public pension and child support in an OLG model. We impose credit constraint on workers, and extend GLM's analysis from the case where workers do not understand the cost also to the case where they do. GLM's infinite...
Persistent link: https://www.econbiz.de/10010494567
A child-allowance system is to raise fertility beyond the individual optimum. The more heterogeneous the population with respect to rearing costs, however, the stronger are the redistribution and polarization.
Persistent link: https://www.econbiz.de/10010494576
This paper examines the relationship between international migration and source country fertility. The impact of international migration on source country fertility may have a number of causes, including a transfer of destination countries' fertility norms and an incentive to acquire more...
Persistent link: https://www.econbiz.de/10010264528
This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as they relate to pension systems. It considers as overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being...
Persistent link: https://www.econbiz.de/10010266047
In order to help in designing an accurate pension reform, we determine the resource allocation in an endogenous fertility model that generates an endogenous demographic transition by means of distinguishing between female and male labor. We analyze the problem of the optimal solution and...
Persistent link: https://www.econbiz.de/10010315937
Fertility rates have declined dramatically across almost all highincome countries over the past decades. This has raised concerns about future economic prospects. Indeed, fully- and semi-endogenous growth models imply that a shrinking workforce would lead to declining income growth and perhaps...
Persistent link: https://www.econbiz.de/10015334864