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Comportement familial, inégalités et croissance : Une revue de la littérature

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  • Grimm, Michael

Abstract

This article surveys models of endogenous growth which are based on the microeconomic theory of family behaviour. A special emphasis is placed on the suggested formalization of the preferences, demographic behaviour, investment in human capital, production technology, labour market, and heterogeneity of agents. The interaction between fertility and per capita growth of income via investment decisions in human capital and the cost of time constitute the recurrent element of these models. One major implication, is that the decline of fertility in the industrialised countries is more a consequence than a cause of development. Furthermore, the models suggest that policies which increase x cost per child, reduce the cost of education, stimulate accumulation of human capital, and encourage female activity raise the probability of development and contribute to a reduction of inequality. Additional re nements to the models might still prove worthwhile particularly regarding the representation of demographic behaviour. Only some account for intra-generational inequality, even though this is essential to understand the link between growth and income distribution.

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Paper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/4927.

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Date of creation: 2000
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Publication status: Published in DIAL Document de travail, 2000
Handle: RePEc:dau:papers:123456789/4927

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Keywords: overlapping generations; new home economics; inequality; human capital; endogenous growth; Demographic transition;

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