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Production Structure, Household Time Allocation, and Fertility

Listed author(s):
  • Masako Kimura

    (Institute of Economic Research, Kyoto University)

  • Daishin Yasui

    (Graduate School of Economics, Kyoto University)

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://ies.keio.ac.jp/old_project/old/gcoe-econbus/pdf/dp/DP2009-013.pdf
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Paper provided by Keio/Kyoto Joint Global COE Program in its series Keio/Kyoto Joint Global COE Discussion Paper Series with number 2009-013.

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Length: 37 pages
Date of creation: 2009
Handle: RePEc:kei:dpaper:2009-013
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  21. Stephen L. Parente & Richard Rogerson & Randall Wright, 2000. "Homework in Development Economics: Household Production and the Wealth of Nations," Journal of Political Economy, University of Chicago Press, vol. 108(4), pages 680-687, August.
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