Abstract
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.
Original language | English |
---|---|
Pages (from-to) | 1422-1429 |
Number of pages | 8 |
Journal | Economics Bulletin |
Volume | 36 |
Issue number | 3 |
Publication status | Published - 2016 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)