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This paper examines the conditions under which increasing knowledge, encapsulated in ideas for new technology through R&D and embodied in human capital through education, sustains economic growth. We develop a general model where, consistent with recent literature, growth is non-scale (not...
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This paper presents a model where economic growth, via growth in female wages relative to male wages, encourages households to raise paid female labor supply and have more children by substituting child care for maternal time. A threshold logarithm per capita output, above which fertility...
Persistent link: https://www.econbiz.de/10012917238
"This paper presents an intertemporal model of household choice where endogenous increases" in house prices play an important role in the effect of rising female relative wages on fertility. Households save for a deposit in young age, rear children and repay mortgages in middle age and sell...
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