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Longer lives, fertility and accumulation

Longer lives, fertility and accumulation
Longer lives, fertility and accumulation
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.
9822
University of Southampton
Mateos, X.
aea3afaf-9bf6-431f-af37-068ef9f1ddf4
Mateos, X.
aea3afaf-9bf6-431f-af37-068ef9f1ddf4

Mateos, X. (1998) Longer lives, fertility and accumulation (Discussion Papers in Economics and Econometrics, 9822) Southampton, UK. University of Southampton

Record type: Monograph (Discussion Paper)

Abstract

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.

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Published date: January 1998

Identifiers

Local EPrints ID: 33174
URI: http://eprints.soton.ac.uk/id/eprint/33174
PURE UUID: 4c11fdad-8ace-421f-b688-31c044dae218

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Date deposited: 25 Jan 2008
Last modified: 11 Dec 2021 15:19

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Contributors

Author: X. Mateos

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