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.
|Number of pages||8|
|Publication status||Published - 2016|
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)