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Fertility, Human Capital and the Wealth of Families

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Author Info
Tamura, Robert

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Abstract

An overlapping generations model with parental altruism is examined. The existence of the optimal value function in a model with an endogenous discount rate is proven. Two development regimes are produced: a high fertility, low income and no growth steady state, and a perpetual growth equilibrium with low fertility and rising income.

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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 4 (1994)
Issue (Month): 4 (May)
Pages: 593-603
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Handle: RePEc:spr:joecth:v:4:y:1994:i:4:p:593-603

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  1. Holger Strulik, 2002. "Economic Growth and Stagnation with Endogenous Health and Fertility," Quantitative Macroeconomics Working Papers 20208, Hamburg University, Department of Economics. [Downloadable!]
    Other versions:
  2. Fernando Veloso, 2000. "Wealth Composition, Endogenous Fertility and the Dynamics of Income Inequality," Econometric Society World Congress 2000 Contributed Papers 1281, Econometric Society. [Downloadable!]
  3. Dan Ben-David, 1997. "Convergence Clubs and Subsistence Economies," NBER Working Papers 6267, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Cristina Echevarria, Karine S. Moe, 2000. "On The Need For Gender In Dynamic Models," Feminist Economics, Taylor and Francis Journals, vol. 6(2), pages 77-96, July. [Downloadable!] (restricted)
  5. repec:dia:wpaper:dt200009 is not listed on IDEAS
  6. Veloso, F.A., 2000. "Wealth Composition, Endogenous Fertility and the Dynamics of Income Inequality," Ibmec Working Papers wpe_7, Ibmec Working Paper, Ibmec São Paulo. [Downloadable!]
  7. Bertrand Wigniolle, 2002. "Fertility, intergenerational transfers and economic development," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 11(3), pages 297-321, September. [Downloadable!] (restricted)
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This page was last updated on 2009-11-25.

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