Bequeathed tastes and fertility in an endogenous growth model

Akihiko Kaneko, Hideya Kato, Tsuyoshi Shinozaki, Mitsuyoshi Yanagihara

    Research output: Contribution to journalArticle

    4 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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  • Cite this

    Kaneko, A., Kato, H., Shinozaki, T., & Yanagihara, M. (2016). Bequeathed tastes and fertility in an endogenous growth model. Economics Bulletin, 36(3), 1422-1429.