Endogenous Versus Exogenous Growth Facing a Fertility Shock

This paper simulates the impact of a permanent fertility shock on economic growth, using endogenous versus exogenous growth OLG models. An endogenous growth model, with education as the engine of growth, dampens the negative impact of a decline in fertility on growth when compared with an exogenous growth model. This result stems from the rise in education levels brought about by the expectation of an increase in the discounted value of labour earnings.

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Year of publication:	2000-08-01
Authors:	Medeiros, João
Institutions:	Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain
Subject:	Human capital \| education \| fertility \| endogenous growth \| simulation

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Extent:	application/pdf
Series:	Discussion Papers (IRES - Institut de Recherches Economiques et Sociales).
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) Number 2000017 3 pages long
Classification:	D58 - Computable and Other Applied General Equilibrium Models ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E27 - Forecasting and Simulation ; J13 - Fertility; Family Planning; Child Care; Children; Youth ; J22 - Time Allocation and Labor Supply ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004985272