Does Pro‐Population Policy Raise Per Capita Consumption?
We theoretically analyze the effects of a child allowance, an improvement in the efficiency of child rearing and a labor income tax on the fertility rate and per capita consumption. The effects on per capita consumption are opposite in the absence, and the presence, of unemployment. For example, a child allowance urges people to have more children and allocate more labor to child rearing, decreasing labor supply for the purpose of commodity production. Therefore, under full employment, it decreases per capita consumption. In the presence of unemployment, however, it reduces the deflationary gap and hence stimulates per capita consumption.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 62 (2011)
Issue (Month): 2 (06)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=1352-4739|
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1352-4739|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tamura, Robert, 1996. "From decay to growth: A demographic transition to economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 20(6-7), pages 1237-1261.
- Alberto Petrucci, 2003.
"Money, Endogenous Fertility and Economic Growth,"
CEIS Research Paper
22, Tor Vergata University, CEIS.
- Chong K. Yip & Junxi, Zhang, 1996.
"Population Growth and Economic Growth: A Reconsideration,"
Departmental Working Papers
_074, Chinese University of Hong Kong, Department of Economics.
- Yip, Chong K. & Zhang, Junxi, 1996. "Population growth and economic growth: A reconsideration," Economics Letters, Elsevier, vol. 52(3), pages 319-324, September.
- David Blau & Philip Robins, 1989. "Fertility, Employment, and Child-Care Costs," Demography, Springer;Population Association of America (PAA), vol. 26(2), pages 287-299, May.
- Tabata, Ken, 2003. "Inverted U-shaped fertility dynamics, the poverty trap and growth," Economics Letters, Elsevier, vol. 81(2), pages 241-248, November.
- Guvenen, Fatih, 2006.
"Reconciling conflicting evidence on the elasticity of intertemporal substitution: A macroeconomic perspective,"
Journal of Monetary Economics,
Elsevier, vol. 53(7), pages 1451-1472, October.
- Fatih Guvenen, 2005. "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective," Macroeconomics 0507005, EconWPA.
- M. Fatih Guvenen, 2002. "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective," RCER Working Papers 491, University of Rochester - Center for Economic Research (RCER), revised Mar 2003.
- Gary S. Becker & Robert J. Barro, 1988.
"A Reformulation of the Economic Theory of Fertility,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 103(1), pages 1-25.
- Gary S. Becker & Robert J. Barro, 1986. "A Reformulation of the Economic Theory of Fertility," NBER Working Papers 1793, National Bureau of Economic Research, Inc.
- Gary S. Becker & Robert J. Barro, . "A Reformulation of the Economic Theory of Fertility," University of Chicago - Population Research Center 85-11, Chicago - Population Research Center.
- repec:spr:pharme:v:22:y:2004:i:4:p:225-244 is not listed on IDEAS
- Nerlove, Marc & Raut, Lakshmi K., 1993. "Growth models with endogenous population: A general framework," Handbook of Population and Family Economics, in: M. R. Rosenzweig & Stark, O. (ed.), Handbook of Population and Family Economics, edition 1, volume 1, chapter 20, pages 1117-1174 Elsevier.
- van Groezen, Bas & Leers, Theo & Meijdam, Lex, 2003. "Social security and endogenous fertility: pensions and child allowances as siamese twins," Journal of Public Economics, Elsevier, vol. 87(2), pages 233-251, February.
- Becker, Gary S & Lewis, H Gregg, 1973. "On the Interaction between the Quantity and Quality of Children," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages S279-88, Part II, .
- Wang, Ping & Yip, Chong K & Scotese, Carol A, 1994.
"Fertility Choice and Economic Growth: Theory and Evidence,"
The Review of Economics and Statistics,
MIT Press, vol. 76(2), pages 255-66, May.
- Wang, P. & Yip, C.K. & Scotese, C.A., 1991. "Fertility Choice and Economic Growth: Theory and Evidence," Papers 6-91-3, Pennsylvania State - Department of Economics.
- Palivos, Theodore, 1995. "Endogenous fertility, multiple growth paths, and economic convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 19(8), pages 1489-1510, November.
- Ono, Y. & Ogawa, K. & Yoshida, A., 1998. "Liquidity Preference and Persistent Unemployment with Dynamic Optimizing Agents," ISER Discussion Paper 0461, Institute of Social and Economic Research, Osaka University.
- Ono, Yoshiyasu, 2001. "A Reinterpretation of Chapter 17 of Keynes's General Theory: Effective Demand Shortage under Dynamic Optimization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(1), pages 207-36, February.
- Atoh, Makoto & Akachi, Mayuko, 2003. "Low Fertility and Family Policy in Japan: in an International Comparative Perspective," Discussion Paper 156, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Chong K. Yip & Junxi Zhang, 1997. "A simple endogenous growth model with endogenous fertility: Indeterminacy and uniqueness," Journal of Population Economics, Springer;European Society for Population Economics, vol. 10(1), pages 97-110.
- David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
When requesting a correction, please mention this item's handle: RePEc:bla:jecrev:v:62:y:2011:i:2:p:151-169. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.