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Rising Longevity, Fertility Dynamics, and R&D-based Growth

Author

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  • Koichi Futagami

    (Graduate School of Economics, Osaka University)

  • Kunihiko Konishi

    (Research Fellow of the Japan Society for the Promotion of Science (JSPS))

Abstract

This study constructs an overlapping-generations model with endogenous fertility, mortality, and R&D activities. We demonstrate that the model explains the observed fertility dynamics of developed countries. When the level of per capita wage income is either low or high, an increase in such income raises the fertility rate. When the level of per capita wage income is in the middle, an increase in such income decreases the fertility rate. The model also predicts the observed relationship between population growth and innovative activity. At first, both the rates of population growth and technological progress increase, that is, there is a positive relationship. Thereafter, the rate of population growth decreases but the rate of technological progress increases, showing a negative relationship.

Suggested Citation

  • Koichi Futagami & Kunihiko Konishi, 2017. "Rising Longevity, Fertility Dynamics, and R&D-based Growth," Discussion Papers in Economics and Business 17-26, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:1726
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    Cited by:

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    3. Miyake, Yusuke, 2022. "Endogenous childcare costs in R&D based model," MPRA Paper 112491, University Library of Munich, Germany.
    4. Aso, Hiroki, 2021. "A note on the fertility-income relationship and childcare outside home," MPRA Paper 108543, University Library of Munich, Germany.
    5. Ratbek Dzhumashev & Ainura Tursunalieva, 2023. "Social externalities, endogenous childcare costs, and fertility choice," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(1), pages 397-429, January.
    6. Kiyoka Akimoto, 2021. "Corruption, mortality rates, and development: policies for escaping from the poverty trap," Journal of Economics, Springer, vol. 133(1), pages 1-26, June.
    7. Kiyoka Akimoto, 2019. "Corruption, mortality rates, and development:Policies for escaping from the poverty trap," Discussion Papers in Economics and Business 18-10-Rev., Osaka University, Graduate School of Economics.
    8. Kohei Okada, 2019. "Dynamic analysis of demographic change and human capital accumulation in an R&D-based growth model," Discussion Papers in Economics and Business 19-18, Osaka University, Graduate School of Economics.
    9. Miyake, Yusuke, 2022. "Endogenous childcare costs in R&D based model," MPRA Paper 112489, University Library of Munich, Germany.

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    More about this item

    Keywords

    Fertility; Mortality; R&D;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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