A contribution to the theory of fertility and economic development

Luca Gori () and Mauro Sodini

No 170, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: The aim of this research is to build on a theory for explaining economic development in a (neoclassical) growth model with endogenous fertility. The economy is comprised of overlapping generations of rational and identical individuals and identical competitive firms producing with a constant-returns-to-scale technology with no externalities. From a theoretical perspective, the distinguishing feature of this work is that endogenous fertility per se is able to explain the existence of low and high development regimes. It provides alternative reasons (history driven or expectations driven) why some countries enter development trajectories with high GDP and low fertility and others experience under-performances with low GDP and high fertility. The model is also able to reproduce fertility fluctuations and explain the baby busts and baby booms observed in the last century in some developed countries.

Keywords: Economic development; Endogenous fertility; Local and global indeterminacy; OLG model (search for similar items in EconPapers)
JEL-codes: C61 C62 J1 J22 O41 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-dge, nep-evo and nep-gro
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/173221/1/GLO-DP-0170.pdf (application/pdf)

Related works:
Journal Article: A CONTRIBUTION TO THE THEORY OF FERTILITY AND ECONOMIC DEVELOPMENT (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:170

Access Statistics for this paper

More papers in GLO Discussion Paper Series from Global Labor Organization (GLO) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().