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Production Structure, Household Time Allocation, and Fertility

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  • Masako Kimura

    ()
    (Institute of Economic Research, Kyoto University)

  • Daishin Yasui

    ()
    (Graduate School of Economics, Kyoto University)

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    Abstract

    This paper develops an overlapping generations model that incorporates two-sector (market and non-market) production, sexual difference, and fertility choice. Our model could explain the joint evolution of production structure, household time allocation, and fertility broadly observed in the 19th and 20th centuries in the Western world as part of a single process of economic development: (i) production has shifted out of households and into the market, (ii) males first increased their labor supply to the market, and then females increased it; married-female participation in wage work outside the home dramatically increased in the latter half of the 20th century, and (iii) there has been the secular decline in fertility over the last 200 years, but there was the temporary rise in the middle of the 20th century (inverted N-shaped fertility dynamics). We also provide the quantitative analysis and examine how well our model replicates the patterns observed in U.S. data.

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    File URL: http://www.kier.kyoto-u.ac.jp/DP/DP684.pdf
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    Bibliographic Info

    Paper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 684.

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    Length: 38pages
    Date of creation: Nov 2009
    Date of revision:
    Handle: RePEc:kyo:wpaper:684

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    Related research

    Keywords: Fertility; Overlapping generations model; Structural change; Gender gap;

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