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Income Distribution and Macroeconomics Revisited: The Role of Fertility Adjustment

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  • Masao Nakagawa
  • Yoshiaki Sugimoto

Abstract

This paper develops a theory in which households prepare for future education by adjusting the number of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth.

Suggested Citation

  • Masao Nakagawa & Yoshiaki Sugimoto, 2009. "Income Distribution and Macroeconomics Revisited: The Role of Fertility Adjustment," ISER Discussion Paper 0758, Institute of Social and Economic Research, Osaka University.
    • Handle: RePEc:dpr:wpaper:0758
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    File URL: https://www.iser.osaka-u.ac.jp/library/dp/2009/DP0758.pdf
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    References listed on IDEAS

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