IDEAS home Printed from https://ideas.repec.org/p/kue/epaper/e-25-014.html

Fertility, Education, Inequality, and Economic Growth

Author

Listed:
  • Mingyan CHEN
  • Shinichi NISHIYAMA

Abstract

This study extends the Barro–Becker–Bewley model of endogenous fertility and intergen-erational transfers by incorporating human capital investment in children and life-cycle savings. Calibrating the model to the U.S. economy, this study quantitatively analyzes the potential effects of child-related policies such as child allowances and education subsidies. Child allowances raise fertility in the short run but reduce investment in human and phys-ical capital, thereby suppressing economic growth. Education subsidies reduce fertility in the short run but enhance welfare across all generations. The effects of child-related poli-cies on income and wealth inequality and intergenerational income mobility are generally limited.

Suggested Citation

  • Mingyan CHEN & Shinichi NISHIYAMA, 2026. "Fertility, Education, Inequality, and Economic Growth," Discussion papers e-25-014, Graduate School of Economics , Kyoto University.
    • Handle: RePEc:kue:epaper:e-25-014
    as

    Download full text from publisher

    File URL: http://www.econ.kyoto-u.ac.jp/dp/papers/e-25-014.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kue:epaper:e-25-014. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Graduate School of Economics Project Center (email available below). General contact details of provider: https://edirc.repec.org/data/fekyojp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.