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calibrated version we and that education always increases if life expectancy rises but the effect on the capital stock is still … potentially offsetting effects at work in models with endogenous education and overlapping generations which is key for …
Persistent link: https://www.econbiz.de/10013157453
Persistent link: https://www.econbiz.de/10003845853
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
trends, we implement an overlapping generations model with heterogeneity by level of education in which individuals optimally …
Persistent link: https://www.econbiz.de/10011865181
are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …
Persistent link: https://www.econbiz.de/10011381036
This paper examines the relationship between fertility and human capital investment and its implications for economic … growth, focusing on the effects of declining mortality. Unlike the existing literature, this paper stresses the role of … precautionary demand for children. As the mortality rate and thus uncertainty falls, this demand decreases. Furthermore, lower …
Persistent link: https://www.econbiz.de/10014117227
This paper examines the relationship between fertility and human capital investment and its implications for economic … growth, focusing on the effects of declining mortality. Unlike the existing literature, this paper stresses the role of … precautionary demand for children. As the mortality rate and thus uncertainty falls, this demand decreases. Furthermore, lower …
Persistent link: https://www.econbiz.de/10014118502
We present a theory of human capital, with its two most essential components, health capital and, what we term, skill capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight an important economic mechanism driving...
Persistent link: https://www.econbiz.de/10013172987
Based on the Lee-Carter (LC) model, the benchmark in population forecasting, a variety of extensions and modifications are proposed in this paper. We investigate one of the extensions, the Hyndman-Ullah (HU) method and apply it to Asian demographic data sets: China, Japan and Taiwan. It combines...
Persistent link: https://www.econbiz.de/10010477583
"quality" of offspring. According to this theoretical model, the overall impact of mortality shocks on fertility is …The effects of the HIV/AIDS epidemic on fertility in Africa remains ill understood. To align the contrasting findings … fertility impacts are conditional on income levels. We use African panel data to test the implications of the model, and find …
Persistent link: https://www.econbiz.de/10013076100