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Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10010352611
Given that savings behaviour and worker productivity have strong life-cycle components and given that demographic profiles vary across countries, population age structure should be linked to differences in levels of economic development. In this paper we measure the economic importance of age...
Persistent link: https://www.econbiz.de/10011604716
In this paper we investigate the causal effect of life expectancy on economic growth by explicitly accounting for the role of the demographic transition. In addition to focusing on issues of empirical identification, this paper emphasizes the role of the econometric specification. We present a...
Persistent link: https://www.econbiz.de/10010269079
This article analyzes the effect of public policy intervention in the production of health capital on fertility, private investment in children's health and education and human capital accumulation. I have used a growth model with endogenous fertility, in which the usual parental trade-off...
Persistent link: https://www.econbiz.de/10012207881
This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...
Persistent link: https://www.econbiz.de/10013189017
This paper presents a model of fertility, which is specific for the industrialization that took place during the nineteenth century and which was concurrent with the demographic transition that occurred over the period. While previous research on demographic transition assumed altruism as the...
Persistent link: https://www.econbiz.de/10013204727
The demographic transition –the move from a high fertility/high mortality regime into a low fertility/low mortality regime– is one of the most fundamental transformations that countries undertake. To study demographic transitions across time and space, we compile a data set of birth and...
Persistent link: https://www.econbiz.de/10013426424
This paper reviews Gary Becker's contributions to the economic analysis of fertility, from his 1960 paper introducing the quantity-quality tradeoff to later work linking the economics of fertility to the theory of economic growth.
Persistent link: https://www.econbiz.de/10010468136
The present study reports on results emerging from the research project «Fertility and Prosperity: Links between Demography and Growth» that was commissioned to the Ifo Institute by Deutscher Arbeitskreis für Familienhilfe e.V., Kirchzarten, in December 2003. The study adopts a two-stage...
Persistent link: https://www.econbiz.de/10011698397
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate R&D-based growth into a unified growth setup with micro-founded fertility and schooling...
Persistent link: https://www.econbiz.de/10010310999