Bequeathed tastes and fertility in an endogenous growth model

Akihiko Kaneko, Hideya Kato, Tsuyoshi Shinozaki, Mitsuyoshi Yanagihara

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

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 languageEnglish
Pages (from-to)1422-1429
Number of pages8
JournalEconomics Bulletin
Volume36
Issue number3
Publication statusPublished - 2016

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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