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Longer lives, fertility and accumulation

Record type: Monograph (Discussion Paper)

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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Citation

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

More information

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

Catalogue record

Date deposited: 25 Jan 2008
Last modified: 17 Jul 2017 15:53

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Contributors

Author: X. Mateos

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