Longer lives, fertility and accumulation
Mateos, X. (1998) Longer lives, fertility and accumulation. Southampton, UK, University of Southampton (Discussion Papers in Economics and Econometrics, 9822).
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This paper investigates the implications of an exogenous decline in mortality rates for capital accumulation and fertility in a neoclassical economy with dynastic preferences. The analysis shows that drops in mortality can explain the transition from a regime with high levels of fertility and low output per capita to a situation with low fertility and larger output per capita. The differential impact of mortality declines on different age-groups is shown to be very important in driving this result. A positive effect on per-capita output arises only if the reductions in mortality have a larger relative impact at young ages. The dynamic adjustment is consistent with the non-monotonic path of fertility over time observed over the demographic transition.
|Item Type:||Monograph (Discussion Paper)|
|Subjects:||H Social Sciences > HT Communities. Classes. Races
H Social Sciences > HB Economic Theory
H Social Sciences > HA Statistics
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||25 Jan 2008|
|Last Modified:||27 Mar 2014 18:20|
|Publisher:||University of Southampton|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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