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“Backslanted X” fertility dynamics and macroeconomics
Abstract A large number of pairs of countries exhibit a dynamic pattern in which: (1) Fertility in both countries declines across time; (2) initially, one country has a higher fertility and a lower per-capita income than the other; and (3) in time, as per-capita incomes converge, fertility rates in the poorer country become lower than in the richer one. This article documents the prevalence of such dynamics and offers a theoretical model in which these dynamics emerge endogenously. Assuming differences in the degree of utility substitution between consumption and rearing children across countries generates all three components of these dynamics.
“Backslanted X” fertility dynamics and macroeconomics
Abstract A large number of pairs of countries exhibit a dynamic pattern in which: (1) Fertility in both countries declines across time; (2) initially, one country has a higher fertility and a lower per-capita income than the other; and (3) in time, as per-capita incomes converge, fertility rates in the poorer country become lower than in the richer one. This article documents the prevalence of such dynamics and offers a theoretical model in which these dynamics emerge endogenously. Assuming differences in the degree of utility substitution between consumption and rearing children across countries generates all three components of these dynamics.
“Backslanted X” fertility dynamics and macroeconomics
Maoz, Yishay D. (Autor:in)
2007
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
RVK:
ELIB39
/
ELIB45
Lokalklassifikation FBW:
oek 2608
BKL:
74.80
Demographie
/
83.31$jWirtschaftswachstum
/
74.80$jDemographie$XGeographie
/
83.31
Wirtschaftswachstum
“Backslanted X” fertility dynamics and macroeconomics
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