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This paper develops a dynamic general equilibrium model of fertility, human capital accumulation, child labor and … survival probability leads to falling fertility, eventually to investment into schooling and the demise of child labor. Child … generate a demographic transition. Falling mortality can only explain a relatively small part of the fertility decline. A …
Persistent link: https://www.econbiz.de/10013070900
unambiguously increases fertility. With children educated in schools and parents paying tuition fees, the reaction of fertility to … changes in longevity is ambiguous. If productivity of adult human capital is sufficiently low, fertility will decrease … between fertility and longevity reversed. We argue therefore that it is important to account for the change in the nature of …
Persistent link: https://www.econbiz.de/10014041372
Persistent link: https://www.econbiz.de/10011507094
Since the seminal work of Becker, the dynamics of endogenous fertility has been based on the trade-off faced by parents … upstream, so as to keep fertility endogenous. We do that by adding a negative "sibship size effect" on human capital formation …, the possibility of a jump from a state with high fertility and low income to a state with low fertility and high income …
Persistent link: https://www.econbiz.de/10011384187
Persistent link: https://www.econbiz.de/10011685864
environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully … et al. (2007). We also show that efficient allocation in the endogenous fertility case differs significantly from its … exogenous fertility counterpart. In particular, optimal steady state population is proportional to the amount of fixed resources …
Persistent link: https://www.econbiz.de/10012806950
We study an economy in which the rate of change of population depends on population policy decisions. This requires population as well as capital as state variables. By showing the algebraic relationship between the shadow price of the population and the shadow price of the per capita capital...
Persistent link: https://www.econbiz.de/10014220410
This article analyzes the effect of public policy intervention in the production of health capital on fertility … endogenous fertility, in which the usual parental trade-off between the quantity and quality of their children is augmented with …
Persistent link: https://www.econbiz.de/10012171809
Persistent link: https://www.econbiz.de/10000906132
Persistent link: https://www.econbiz.de/10011937916