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The dynamics of bequeathed tastes with endogenous fertility

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  • Gori, Luca
  • Michetti, Elisabetta

Abstract

In contrast with the existing literature with overlapping generations, aspirations and exogenous fertility, this article shows that endogenous fertility prevents endogenous fluctuations in a general equilibrium economy.

Suggested Citation

  • Gori, Luca & Michetti, Elisabetta, 2016. "The dynamics of bequeathed tastes with endogenous fertility," Economics Letters, Elsevier, vol. 149(C), pages 79-82.
    • Handle: RePEc:eee:ecolet:v:149:y:2016:i:c:p:79-82
    DOI: 10.1016/j.econlet.2016.10.018
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    References listed on IDEAS

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    6. de la Croix, David, 1996. "The dynamics of bequeathed tastes," Economics Letters, Elsevier, vol. 53(1), pages 89-96, October.
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    8. Robert J. Barro & Rachel McCleary, 2003. "Religion and Economic Growth," NBER Working Papers 9682, National Bureau of Economic Research, Inc.
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    10. 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.
    11. Larry E. Jones & Rodolfo Manuelli, 1990. "A Convex Model of Equilibrium Growth," NBER Working Papers 3241, National Bureau of Economic Research, Inc.
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    13. Xavier Sala-i-Martín & Elsa V. Artadi, 2003. "Economic growth and investment in the Arab world," Economics Working Papers 683, Department of Economics and Business, Universitat Pompeu Fabra.
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    Cited by:

    1. 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

    Aspirations; Fertility; Overlapping generations; Global stability;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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