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Endogenous Fertility, Endogenous Lifetime And Economic Growth: The Role Of Health And Child Policies

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Executive Summary

In this paper the authors link endogenous fertility, endogenous longevity, economic growth and public policies - represented by public health investments and child policies - in a basic overlapping generations model. They found that there even exist four equilibria, and thus low and high development regimes, which may be, however, determined by government policies, and concluded that when fertility is endogenous, increasing public health is always beneficial allowing economies to escape from poverty and, hence, to prosper. The same conclusion holds for the child tax policy.

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