Demographic change, human capital accumulation and R&D‐based growth

Autor:	Ken Tabata, Ken-ichi Hashimoto
Rok vydání:	2016
Předmět:	Economics and Econometrics Child rearing Public economics media_common.quotation_subject 05 social sciences Subsidy Fertility Overlapping generations model Human capital Demographic change 0502 economics and business Life expectancy Economics Demographic economics Pre-tertiary education 050207 economics 050205 econometrics media_common
Zdroj:	Canadian Journal of Economics/Revue canadienne d'économique. 49:707-737
ISSN:	1540-5982 0008-4085
DOI:	10.1111/caje.12211
Popis:	Employing an overlapping generations model of R&D-based growth with endogenous fertility and education decisions, we examine how demographic changes induced by an increase in life expectancy influence the long-run growth rate of the economy. We demonstrate that life expectancy, when relatively low (high), positively (negatively) affects economic growth. This paper also compares the growth implications of child education subsidy policies (i.e., policies for enhancing basic education) and child rearing subsidy policies (i.e., pro-natal policies) and demonstrate that while the child education subsidies consistently foster economic growth, child rearing subsidies may negatively affect economic growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::6b56570f653bf81e3ffde36e1c848827 https://doi.org/10.1111/caje.12211 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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