Endogenous Fertility in a Growth Model with Public and Private Health Expenditures
We build an overlapping generations model with endogenous fertility choices as well as public and private expenditures on health. We find that the complementary effect of public health services on private health expenditures can provide an additional explanation behind a salient feature of demographic transition; that is, the fertility decline along the process of economic growth.
|Date of creation:||Nov 2010|
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