Population and neoclassical economic growth: A new child policy perspective
Using the basic OLG model of neoclassical growth with endogenous fertility, we show that a child tax can be used as a single instrument to actually raise population growth in the long run, while also raising per capita income.
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- Francisco Rodríguez & Daniel Ortega, 2006. "Are capital shares higher in poor countries? Evidence from Industrial Surveys," Wesleyan Economics Working Papers 2006-023, Wesleyan University, Department of Economics.
- Galor, Oded & Weil, David N, 1996.
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- Ehrlich, Isaac & Lui, Francis, 1997. "The problem of population and growth: A review of the literature from Malthus to contemporary models of endogenous population and endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 205-242, January.
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