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From 1850 to 2000, in Western European countries life expectancy rose from 30–40 to 80 years and the average number of children per woman fell from 4 to 5 children to slightly more than one. To gauge the economic consequences of these demographic trends, we implement an overlapping generations...
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Fertility rates have declined dramatically across almost all highincome countries over the past decades. This has … incorporate an endogenous quantity/quality trade-off between fertility and human capital accumulation. This allows us to assess …
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growth and develop a growth model with endogenous human capital and endogenous fertility. With this model we analyse the … employ family policy as this increases both the fertility rate and the time individuals spend accumulating human capital. The … main result for economic growth theory is that steady state economic growth is not possible when population is ageing. A …
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and develop a growth model with endogenous human capital and endogenous fertility. This work uses this model to analyse …
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. In the 19th century English fertility transition, the model shows how the generalized child price relative to the child …
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