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Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples … are: (i) the secular decline in fertility between 1800 and 1980, (ii) the decline in agricultural employment and the rise …-force participation from 1900 to 1980, (v) the baby boom from 1936 to 1972. Growth theory models are presented to address all of these …
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gender norms on fertility and economic growth to explain the phenomena recently observed across high-income countries. To … this end, we construct an overlapping generations model with endogenous fertility and labor supply, incorporating gender … norms and R&D activities. We demonstrate that conventional gender norms can impede fertility and economic growth …
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maximizes welfare across demographic groups depends on the fertility rate in the economy. Policies chosen when all demographic … excludes children from the electorate, when the fertility rate is low, and Pareto-reducing when the fertility rate is high … to retirees in the economy. Public investment in child care can change the fertility rate and shift the economy toward a …
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the fertility technology. On the opposite, ex post egalitarianism always recommends marginal taxation. …
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Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
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