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Bequeathed tastes and fertility in an endogenous growth model

Author

Listed:
  • Akihiko Kaneko

    (School of Political Science and Economics, Waseda University)

  • Hideya Kato

    (Faculty of Economics, Ryukoku University)

  • Tsuyoshi Shinozaki

    (Faculty of Economics, Tohoku Gakuin University)

  • Mitsuyoshi Yanagihara

    (Graduate School of Economics, Nagoya University)

Abstract

In this paper, we incorporate an endogenous fertility decision into De la Croix's (1996) bequeathed tastes model under a log-linear utility function and an -type production function, following Romer (1989). We show that the presence of bequeathed tastes can explain the decline of the fertility rate that has occurred in developed economies.

Suggested Citation

  • Akihiko Kaneko & Hideya Kato & Tsuyoshi Shinozaki & Mitsuyoshi Yanagihara, 2016. "Bequeathed tastes and fertility in an endogenous growth model," Economics Bulletin, AccessEcon, vol. 36(3), pages 1422-1429.
    • Handle: RePEc:ebl:ecbull:eb-16-00524
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2016/Volume36/EB-16-V36-I3-P141.pdf
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    References listed on IDEAS

    as
    1. Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2015. "The Next Generation of the Penn World Table," American Economic Review, American Economic Association, vol. 105(10), pages 3150-3182, October.
    2. Doepke, Matthias, 2015. "Gary Becker On The Quantity And Quality Of Children," Journal of Demographic Economics, Cambridge University Press, vol. 81(1), pages 59-66, March.
    3. repec:cup:jdemec:v:81:y:2015:i:01:p:59-66_00 is not listed on IDEAS
    4. Lionel Artige & Carmen Camacho & David De La Croix, 2004. "Wealth Breeds Decline: Reversals of Leadership and Consumption Habits," Journal of Economic Growth, Springer, vol. 9(4), pages 423-449, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Gori, Luca & Michetti, Elisabetta, 2016. "The dynamics of bequeathed tastes with endogenous fertility," Economics Letters, Elsevier, vol. 149(C), pages 79-82.
    2. Caballé, Jordi & Moro-Egido, Ana I., 2021. "Do aspirations reduce differences in wealth accumulation?," Economic Modelling, Elsevier, vol. 102(C).

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    More about this item

    Keywords

    Overlapping generations model; Bequeathed tastes; Fertility; Endogenous growth;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • J1 - Labor and Demographic Economics - - Demographic Economics

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