general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …

general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …

We assess the impact of continued low fertility in China, versus a rebound in fertility due to the relaxation of the …), income per capita is lower with a fertility rebound due primarily to a higher youth dependency rate. In the long run, higher … fertility leads to a reduction in the old-age dependency ratio and lowers the tax rate required to pay for old-age pensions and …