Jørgensen, Ole Hagen (contributor) - 2008
developing countries, children can also be considered a
form of savings because they tend to care for their parents in old age, i … developing countries.
In addition to our personal joy of having children, to which we seem to be
more or less genetically … rate in (18),
st = (1 + gt)(1 + nt) 1! (18)
where both gt and nt are endogenous variables. For developing countries we …