We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
A CONTRIBUTION TO THE THEORY OF FERTILITY AND ECONOMIC DEVELOPMENT.
- Authors
Gori, Luca; Sodini, Mauro
- Abstract
The aim of this research is to build on a theory for explaining economic development in a (neoclassical) growth model with endogenous fertility. The economy is inhabited by overlapping generations of rational and identical individuals and identical competitive firms producing with a constant-returns-to-scale technology and no externalities. From a theoretical perspective, the distinguishing feature of this work is that endogenous fertility per se explains the existence of low- and high-development regimes. It provides different reasons (history driven or expectations driven) why some countries enter development trajectories with high GDP and low fertility and others experience underperformances with low GDP and high fertility. The model is also capable to reproduce fertility fluctuations and explain the baby busts and baby booms observed in the last century in some developed countries.
- Subjects
ECONOMIC development; FERTILITY; TRAFFIC violations; DEVELOPED countries; EXTERNALITIES; OVERLAPPING generations model (Economics)
- Publication
Macroeconomic Dynamics, 2021, Vol 25, Issue 3, p753
- ISSN
1365-1005
- Publication type
Article
- DOI
10.1017/S1365100519000415