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Languages : en
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A Reformulation of the Economic Theory of Fertility
Author: Gary S. Becker
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ISBN:
Category : Child rearing
Languages : en
Pages : 25
Book Description
When parents are altruistic toward children, the choices of fertility and consumption come from the maximization of a dynastic utility function. The maximization conditions imply first, an arbitrage condition for consumption across generations, and second, the equation of the benefit from an extra child to the net cost of rearing that child. These conditions imply that fertility in open economies depends positively on the world interest rate, on the degree of altruism, and on the growth of child-survival probabilities; and negatively on the rate of technical progress and the growth rate of social security. The growth of consumption across generations depends on changes in the net cost of rearing children, but not on interest rates or tirne preference. Even when we include life-cycle elements, we conclude that the growth of aggregate consumption per capita depends in the long run on the growth of consumption across generations. Thereby we show that real interest rates and growth rates of consumption per capita would be unrelated in the long run
Publisher:
ISBN:
Category : Child rearing
Languages : en
Pages : 25
Book Description
When parents are altruistic toward children, the choices of fertility and consumption come from the maximization of a dynastic utility function. The maximization conditions imply first, an arbitrage condition for consumption across generations, and second, the equation of the benefit from an extra child to the net cost of rearing that child. These conditions imply that fertility in open economies depends positively on the world interest rate, on the degree of altruism, and on the growth of child-survival probabilities; and negatively on the rate of technical progress and the growth rate of social security. The growth of consumption across generations depends on changes in the net cost of rearing children, but not on interest rates or tirne preference. Even when we include life-cycle elements, we conclude that the growth of aggregate consumption per capita depends in the long run on the growth of consumption across generations. Thereby we show that real interest rates and growth rates of consumption per capita would be unrelated in the long run
A Reformulation of the Economic Theory of Fertility
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
A Reformulation of the Economic Theory of Fertility
Author: Gary Stanley Becker
Publisher:
ISBN:
Category : Child rearing
Languages : en
Pages : 43
Book Description
Publisher:
ISBN:
Category : Child rearing
Languages : en
Pages : 43
Book Description
Two Essays on the Economic Theory of Fertility
Author: Fernando Enrique Alvarez
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Category :
Languages : en
Pages : 292
Book Description
Publisher:
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Category :
Languages : en
Pages : 292
Book Description
Weekly Weather and Crop Bulletin
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Category : Crops and climate
Languages : en
Pages : 24
Book Description
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Category : Crops and climate
Languages : en
Pages : 24
Book Description
The Economic Theory of Fertility Decline
Author: Harvey Leibenstein
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Category : Demography
Languages : en
Pages : 33
Book Description
Publisher:
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Category : Demography
Languages : en
Pages : 33
Book Description
A New Approach to the Economic Theory of Fertility Behavior
Author: National Bureau of Economic Research
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Category :
Languages : en
Pages : 50
Book Description
Publisher:
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Category :
Languages : en
Pages : 50
Book Description
A Partial Test of an Economic Theory of Fertility
Author: Mar Lynn Fisher
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Category : Family size
Languages : en
Pages : 108
Book Description
Publisher:
ISBN:
Category : Family size
Languages : en
Pages : 108
Book Description
Relaxing the Maximization Assumption in the Economic Theory of Fertility
Author: Harvey Leibenstein
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Category : Fertility, Human
Languages : en
Pages : 38
Book Description
Publisher:
ISBN:
Category : Fertility, Human
Languages : en
Pages : 38
Book Description
On the Economic Theory of Fertility
Author: Kiyoshi Kuga
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Category :
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Book Description