haku: @author Yip, C. / yhteensä: 4
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Tekijä: | Wang, P. Yip, C. Scotese, C. |
Otsikko: | Fertility choice and economic growth: theory and evidence |
Lehti: | Review of Economics and Statistics
1994 : MAY, VOL. 76:2, p. 255-266 |
Asiasana: | ECONOMICS ECONOMIC GROWTH STATISTICS |
Kieli: | eng |
Tiivistelmä: | This paper examines a growth model with endogenous consumption, labor-leisure, and fertility. A fertility choice variable capturing both the quality and quantity of the family size enters the utility function positivity, but it also generates time costs. Theoretical comparative dynamic results are derived for changes in exogenous production and utility parameters. Employing post-World War II United States data, the authors estimated the model using a structural VAR with imposed long-run restrictions based on the theoretical predictions. |
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