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We examine the effects of child policies on both transitional dynamics and long-term demo-economic outcomes in an overlapping-generations neoclassical growth model à la Chakraborty (J Econ Theory 116(1):119–137, 2004) extended with endogenous fertility under the assumption of weak altruism...
Persistent link: https://www.econbiz.de/10010993476
This paper introduces the concept of unintentional bequests in a closed economy à la Chakraborty (J Econ Theory 116:119–137, <CitationRef CitationID="CR14">2004</CitationRef>) with overlapping generations. We show that scarce public investments in health can lead to poverty traps depending on the relative size of the output elasticity...</citationref>
Persistent link: https://www.econbiz.de/10010993500
We analyse the steady-state equilibrium dynamics of the conventional overlapping generations economy à la Diamond (1965) with pay-as-you-go public pensions and second period of life divided between working and retirement time in a proportion dependent on the individual health status (a rather...
Persistent link: https://www.econbiz.de/10008534251
We extend the literature on endogenous lifetime and economic growth by Chakraborty (2004) and Bunzel and Qiao (2005) to endogenous fertility. It is shown that development traps due to under investments in health can never appear when fertility is an economic decision variable.
Persistent link: https://www.econbiz.de/10008685062
We examine the effects of child policies on both the transitional dynamics and long-run demo-economic outcomes in the conventional overlapping generations model of neoclassical growth extended with endogenous longevity and endogenous fertility. The government invests in public health...
Persistent link: https://www.econbiz.de/10008685358
We examine the effects of child policies on both transitional dynamics and long-term demo-economic outcomes in an overlapping-generations neoclassical growth model à la Chakraborty (2004) extended with endogenous fertility under the assumption of weak altruism towards children. The government...
Persistent link: https://www.econbiz.de/10011110839
his paper introduces unintentional bequests in a closed economy overlapping generations model à la Chakraborty (2004). We show that poverty traps due to scarce public investments in health can exist. However, and most important, the existence of unintentional bequests makes the health tax rate...
Persistent link: https://www.econbiz.de/10009371834
In this paper we link endogenous fertility, endogenous longevity, economic growth and public policies – represented by public health investments and child policies – in a basic overlapping generations model. We found that there even exist four equilibria, and thus low and high development...
Persistent link: https://www.econbiz.de/10008461739