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In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in the form of bequest, and transfers from...
Persistent link: https://www.econbiz.de/10005076531
In this paper we consider an overlapping gnerations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in the form of bequest, and transfers from...
Persistent link: https://www.econbiz.de/10005704425
In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in the form of bequest, and transfers from...
Persistent link: https://www.econbiz.de/10005408281
This paper examines the interrelationship between capital accumulation, fertility, and growth by introducing an … endogenous fertility decision into Diamond's (1965) neoclassical growth model. Under the assumptions that children provide old … and a high rate of population growth, and the other with a lower capital-labor ratio as well as a lower population growth …
Persistent link: https://www.econbiz.de/10005753213
This paper surveys recent work on endogenous fertility and endogenous growth. These models provide the building blocks … countries. They can produce switching behavior, countries that transform themselves from no growth economies into high growth … economies. The fertility and growth effects of social security programs are also examined. Finally models with increasing …
Persistent link: https://www.econbiz.de/10005598190
(stagnant to growth or growth to stagnant) with an irreversible hysteresis aspect, (2) a regular recursive induction approach …
Persistent link: https://www.econbiz.de/10014585276
In this paper we study whether the presence of binding liquidity constraints and the existence of fixed costs can explain the underinvestment of parents in their children's human capital. We first incorporate these two potential mechanisms into the theoretical model of Raut & Tran (2005) and...
Persistent link: https://www.econbiz.de/10012801012
Persistent link: https://www.econbiz.de/10011305402
Persistent link: https://www.econbiz.de/10010419868
Persistent link: https://www.econbiz.de/10011412580