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Elderly labor supply and fertility decisions in aging-population economies

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  • Mizuno, Masakatsu
  • Yakita, Akira

Abstract

With a longer life expectancy, individuals who plan to work when they are old may increase the number of their children. Therefore, when individuals choose the time of retirement, the fertility rate may not necessarily decline but even rise.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 121 (2013)
Issue (Month): 3 ()
Pages: 395-399

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Handle: RePEc:eee:ecolet:v:121:y:2013:i:3:p:395-399

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Elderly labor; Fertility; Life expectancy; Heterogeneous ability;

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References

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  1. Eckstein, Zvi & Wolpin, Kenneth I., 1985. "Endogenous fertility and optimal population size," Journal of Public Economics, Elsevier, vol. 27(1), pages 93-106, June.
  2. Makoto Hirazawa & Koji Kitaura & Akira Yakita, 2014. "Fertility, Intra-Generational Redistribution, and Social Security Sustainability," Canadian Journal of Economics, Canadian Economics Association, vol. 47(1), pages 98-114, February.
  3. Samuel de Abreu Pessoa & Pedro Cavalcanti Ferreira, 2005. "The Effects of Longevity and Distortions on Education and Retirement," 2005 Meeting Papers 424, Society for Economic Dynamics.
  4. Moshe Hazan & Hosny Zoabi, 2006. "Does longevity cause growth? A theoretical critique," Journal of Economic Growth, Springer, vol. 11(4), pages 363-376, December.
  5. David E. Bloom & David Canning & Rick Mansfield & Michael Moore, 2006. "Demographic Change, Social Security Systems, and Savings," NBER Working Papers 12621, National Bureau of Economic Research, Inc.
  6. Kiminori Matsuyama, 2007. "A One-Sector Neoclassical Growth Model with Endogenous Retirement," CIRJE F-Series CIRJE-F-531, CIRJE, Faculty of Economics, University of Tokyo.
  7. Peter Lorentzen & John McMillan & Romain Wacziarg, 2008. "Death and development," Journal of Economic Growth, Springer, vol. 13(2), pages 81-124, June.
  8. Hu, Sheng Cheng, 1979. "Social Security, the Supply of Labor, and Capital Accumulation," American Economic Review, American Economic Association, vol. 69(3), pages 274-83, June.
  9. Romain Duval, 2003. "The Retirement Effects of Old-Age Pension and Early Retirement Schemes in OECD Countries," OECD Economics Department Working Papers 370, OECD Publishing.
  10. Akira Yakita, 2001. "Uncertain lifetime, fertility and social security," Journal of Population Economics, Springer, vol. 14(4), pages 635-640.
  11. Daron Acemoglu & Simon Johnson, 2006. "Disease and Development: The Effect of Life Expectancy on Economic Growth," NBER Working Papers 12269, National Bureau of Economic Research, Inc.
  12. Jie Zhang & Junsen Zhang, 2005. "The Effect of Life Expectancy on Fertility, Saving, Schooling and Economic Growth: Theory and Evidence," Scandinavian Journal of Economics, Wiley Blackwell, vol. 107(1), pages 45-66, 03.
  13. Feldstein, Martin S, 1976. "Social Security and Saving: The Extended Life Cycle Theory," American Economic Review, American Economic Association, vol. 66(2), pages 77-86, May.
  14. Rosa Aísa & Fernando Pueyo & Marcos Sanso, 2012. "Life expectancy and labor supply of the elderly," Journal of Population Economics, Springer, vol. 25(2), pages 545-568, January.
  15. Liutang Gong & Nianqing Liu, 2012. "A Note On “A One-Sector Neoclassical Growth Model With Endogenous Retirement”: Existence Of Multiple Steady States," The Japanese Economic Review, Japanese Economic Association, vol. 63(4), pages 557-569, December.
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