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Demographic Changes and Economic Activityin Greece

  • George Hondroyiannis


  • Evangelia Papapetrou


This paper investigates the linkages among demographic changes (fertility choice, marriage decision and mortality), real wages and real output in Greece over the period 1960--1998. The results show that in the long run a decrease in infant mortality rates, taking into consideration economic performance and the labor market, causes a reduction in fertility rates. In addition, the results suggest that an increase in real wages decreases nuptiality and fertility. Employing vector error-correction models and impulse response functions, the empirical results support the endogeneity of fertility choice to infant mortality, the labor market and the growth process.

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Article provided by Springer in its journal Review of Economics of the Household.

Volume (Year): 2 (2004)
Issue (Month): 1 (03)
Pages: 49-71

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Handle: RePEc:kap:reveho:v:2:y:2004:i:1:p:49-71
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