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Fertility, Income Growth, and Inflation

In: Fertility, Education and Macroeconomics: The Case of Japan

Author

Listed:
  • Masaya Yasuoka

    (Kwansei Gakuin University)

Abstract

This chapter presents an endogenous fertility model that incorporates human capital accumulation and monetary policy within a closed economy. It subsequently examines how fertility, education investment for children, and the inflation rate are affected. The results of the theoretical analysis indicate that child allowances increase fertility but reduce educational investment. However, the effect of subsidies for educational investment on fertility and educational investment is ambiguous due to the closed economy context. Changes in fertility and income growth can influence the inflation rate through childcare policies. Additionally, an increase in the monetary stock policy promotes human capital growth by facilitating physical capital accumulation.

Suggested Citation

  • Masaya Yasuoka, 2025. "Fertility, Income Growth, and Inflation," Springer Books, in: Masatoshi Jinno & Masaya Yasuoka (ed.), Fertility, Education and Macroeconomics: The Case of Japan, chapter 0, pages 69-82, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-1024-5_4
    DOI: 10.1007/978-981-95-1024-5_4
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    Cited by:

    1. is not listed on IDEAS
    2. Masaya Shintani & Masaya Yasuoka, 2021. "Child Care Policy and Capital Mobility," Economics Bulletin, AccessEcon, vol. 41(2), pages 398-404.

    More about this item

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence

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