Rodolfo E. Manuelli (Department of Economics, Washington University in St. Louis.) Ananth Seshadri (Department of Economics, University of Wisconsin-Madison.)
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Why do fertility rates vary so much across countries? Why are European fertility rates so much lower than American fertility rates? To answer these questions we extend the Barro-Becker framework to incorporate the decision to accumulate human capital (which determines earnings) and health capital (which determines life span). We find that cross-country differences in productivity and taxes go a long way toward explaining the observed differences in fertility and mortality. (c) 2009 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology..
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Volume (Year): 124 (2009) Issue (Month): 2 (May) Pages: 771-807 Download reference. The following formats are available: HTML
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