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Fertility Choice in a Model of Economic Growth
Abstract
Altruistic parents make choices of family size along with decisions about consumption and intergenerational transfers. The authors apply this framework to a closed economy, where the determination of interest rates and wage rates is simultaneous with the determination of population growth and the accumulation of capital. Thus, they extend the literature on optimal economic growth to allow for optimizing choices of fertility and intergenerational transfers. The authors use the model to assess the effects of child-rearing costs, the tax system, the conditions of technology and preferences, and shocks to the initial levels of population and the capital stock. Copyright 1989 by The Econometric Society.
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Citations
Cited by
Galor, O., & Weil, D. N. (2000) · American Economic Review · doi:10.1257/aer.90.4.806 · Cited by 2,319
Chen, M. K. (2013) · American Economic Review · doi:10.1257/aer.103.2.690 · Cited by 745
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Doepke, M., & Tertilt, M. (2009) · Quarterly Journal of Economics · doi:10.1162/qjec.2009.124.4.1541 · Cited by 327
Child mortality and fertility decline: Does the Barro-Becker model fit the facts?
Doepke, M. (2005) · Journal of Population Economics · doi:10.1007/s00148-004-0208-z · Cited by 293
Demographic Patterns and Household Saving in China
Curtis, C. C., Lugauer, S., & Mark, N. C. (2015) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20130105 · Cited by 212
Metadata
- Authors
- Barro, R. J., & Becker, G. S.
- Venue
- Econometrica
- Publisher
- JSTOR
- Published
- 1989-03
- Volume
- 57
- Issue
- 2
- Pages
- 481
- ISSN
- 0012-9682 (ISSN-L)
- OpenAlex
- W2082864501
- Cited by
- 1,085
- References
- 0
- FWCI
- 31.61
- Type
- journal article
- Language
- en
- Open access
- closed
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- Barro, R. J., & Becker, G. S. (1989). Fertility Choice in a Model of Economic Growth. Econometrica. https://doi.org/10.2307/1912563
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.