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Status, fertility, growth and the great transition

  • Tournemaine, Frederic
  • Tsoukis, Christopher

We develop an overlapping generation model to examine how the relationship between status concerns, fertility and education affect growth performances. Results are threefold. First, we show that stronger status motives heighten the desire of parents to have fewer but better educated children, which may foster economic development. Second, government should sometimes postpone the introduction of an economic policy in order to maintain the process of economic development, although such a policy aims to implement the social optimum. Third, status can alter the dynamic path of the economy and help to explain the facts about fertility during the "great transition".

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8669.

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Date of creation: 08 Feb 2008
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Handle: RePEc:pra:mprapa:8669
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  4. Frederic Tournemaine, 2008. "Social aspirations and choice of fertility: why can status motive reduce per-capita growth?," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(1), pages 49-66, January.
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  9. Gary S. Becker & Kevin M. Murphy & Robert Tamura, . "Human Capital, Fertility, and Economic Growth," University of Chicago - Population Research Center 90-5a, Chicago - Population Research Center.
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  15. Galor, Oded & Weil, David, 1999. "From Malthusian Stagnation to Modern Growth," CEPR Discussion Papers 2082, C.E.P.R. Discussion Papers.
  16. Tournemaine, Frederic & Tsoukis, Christopher, 2008. "Relative consumption, relative wealth and growth," Economics Letters, Elsevier, vol. 100(2), pages 314-316, August.
  17. Matthias Doepke, 2001. "Accounting for Fertility Decline During the Transition to Growth," UCLA Economics Working Papers 804, UCLA Department of Economics.
  18. Kodde, David A & Ritzen, Jozef M M, 1984. "Integrating Consumption and Investment Motives in a Neoclassical Model of Demand for Education," Kyklos, Wiley Blackwell, vol. 37(4), pages 598-608.
  19. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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  25. Juntip Boonprakaikawe & Frédéric Tournemaine, 2006. "Production And Consumption Of Education In A R&D-Based Growth Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(5), pages 565-585, November.
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  29. repec:ebl:ecbull:v:15:y:2007:i:8:p:1-7 is not listed on IDEAS
  30. Ngo Van Long & Koji Shimomura, 2002. "Relative Wealth, Status Seeking, and Catching Up," CIRANO Working Papers 2002s-09, CIRANO.
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  33. Frédéric Tournemaine & Christopher Tsoukis, 2009. "Status jobs, human capital, and growth: the effects of heterogeneity," Oxford Economic Papers, Oxford University Press, vol. 61(3), pages 467-493, July.
  34. Chinhui Juhn & Sandra E. Black, 2000. "The Rise of Female Professionals: Are Women Responding to Skill Demand?," American Economic Review, American Economic Association, vol. 90(2), pages 450-455, May.
  35. Futagami, Koichi & Shibata, Akihisa, 1998. "Keeping one step ahead of the Joneses: Status, the distribution of wealth, and long run growth," Journal of Economic Behavior & Organization, Elsevier, vol. 36(1), pages 109-126, July.
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