Fertility and public debt
Public debt and fertility are two issues of major concern in the current debate about economic policy, especially in countries with below replacement fertility and large debt. In this paper we show that public debt is in general harmful for fertility, in that debt issuing almost ever crowds out fertility. The relationship is reversed only if debt is sufficiently low and the share of capital (labor) in the economy is sufficiently low (high). Hence, our analysis would recommend that developed, capital intensive economies (such as OECD countries) aiming at a fertility recovery should reduce national debt, while developing, labor intensive economies, aiming at reducing fertility, should increase (reduce) national debt only if they are debt virtuous (vicious).
|Date of creation:||21 Sep 2009|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +39 050 22 16 466
Fax: +39 050 22 16 384
Web page: http://www.ec.unipi.it
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Galor, Oded & Weil, David N, 1996.
"The Gender Gap, Fertility, and Growth,"
American Economic Review,
American Economic Association, vol. 86(3), pages 374-87, June.
- Michael Brauninger, 2005. "The Budget Deficit, Public Debt, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 7(5), pages 827-840, December.
- Mark Gertler, 1997.
"Government Debt and Social Security in a Life-Cycle Economy,"
NBER Working Papers
6000, National Bureau of Economic Research, Inc.
- Gertler, Mark, 1999. "Government debt and social security in a life-cycle economy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 50(1), pages 61-110, June.
- Gertler, Mark, 1997. "Government Debt and Social Security in a Life-Cycle Economy," Working Papers 97-14, C.V. Starr Center for Applied Economics, New York University.
- Tetsuo Ono, 2003.
"Social security policy with public debt in an aging economy,"
Journal of Population Economics,
Springer, vol. 16(2), pages 363-387, 05.
- Ono, Tetsuo, 2002. "Social Security Policy with Public Debt in an Aging Economy," Discussion Paper 107, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Holger Strulik, 2003.
"Mortality, the Trade-off between Child Quality and Quantity, and Demo-economic Development,"
Wiley Blackwell, vol. 54(4), pages 499-520, November.
- Holger Strulik, 1999. "Mortality, the Trade-off Between Child Quality and Quantity,and Demo-Economic Development," Quantitative Macroeconomics Working Papers 19907, Hamburg University, Department of Economics.
- Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467.
- Strulik, Holger, 1999. "Demographic Transition, Stagnation, and Demoeconomic Cycles in a Model for the Less Developed Economy," Journal of Macroeconomics, Elsevier, vol. 21(2), pages 397-413, April.
When requesting a correction, please mention this item's handle: RePEc:pie:dsedps:2009/89. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.