The Love for Children Hypothesis and the Multiplicity of Fertility Rates

Autor: Paolo Melindi-Ghidi, Thomas Seegmuller
Přispěvatelé: Bureau d'Économie Théorique et Appliquée (BETA), Institut National de la Recherche Agronomique (INRA)-Université de Strasbourg (UNISTRA)-Université de Lorraine (UL)-Centre National de la Recherche Scientifique (CNRS), Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), École Centrale de Marseille (ECM)-École des hautes études en sciences sociales (EHESS)-Centre National de la Recherche Scientifique (CNRS)-Aix Marseille Université (AMU), École Centrale de Marseille (ECM)-Centre National de la Recherche Scientifique (CNRS)-Aix Marseille Université (AMU)-École des hautes études en sciences sociales (EHESS), EconomiX, Université Paris Nanterre (UPN)-Centre National de la Recherche Scientifique (CNRS), Aix-Marseille Sciences Economiques (AMSE), École des hautes études en sciences sociales (EHESS)-École Centrale de Marseille (ECM)-Centre National de la Recherche Scientifique (CNRS)-Aix Marseille Université (AMU), ANR-17-EURE-0020,AMSE (EUR),Aix-Marseille School of Economics(2017), ANR-15-CE33-0001,FIRE,Interdépendances financières et réelles : volatilité, ouverture internationale et politiques économiques(2015), ANR-14-FRAL-0007,FamPol,Les effets de la politique familiale sur l'offre de travail et la fertilité: évidence empirique à partir d'un modèle structurel dynamique estimé pour la France et pour l'Allemagne.(2014), École des hautes études en sciences sociales (EHESS)-Aix Marseille Université (AMU)-École Centrale de Marseille (ECM)-Centre National de la Recherche Scientifique (CNRS), Université de Lorraine (UL)-Université de Strasbourg (UNISTRA)-Institut National de la Recherche Agronomique (INRA)-Centre National de la Recherche Scientifique (CNRS)
Jazyk: angličtina
Rok vydání: 2017
Předmět:
Economics and Econometrics
love for children
Total fertility rate
media_common.quotation_subject
Demographic transition
Context (language use)
Fertility
balanced growth path
Altruism (biology)
Bal- anced Growth Path
JEL: J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J13 - Fertility • Family Planning • Child Care • Children • Youth
0502 economics and business
Economics
health care economics and organizations
050205 econometrics
media_common
fertility
Endogenous growth theory
Applied Mathematics
05 social sciences
social sciences
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
humanities
endogenous growth
behavior and behavior mechanisms
050206 economic theory
Demographic economics
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O41 - One
Two
and Multisector Growth Models
JEL: D - Microeconomics/D.D1 - Household Behavior and Family Economics/D.D1.D11 - Consumer Economics: Theory
expectations
Zdroj: Journal of Mathematical Economics
Journal of Mathematical Economics, Elsevier, 2019, 83 (C), pp.89-100. ⟨10.1016/j.jmateco.2019.04.009⟩
Journal of Mathematical Economics, 2019, 83 (C), pp.89-100. ⟨10.1016/j.jmateco.2019.04.009⟩
ISSN: 0304-4068
DOI: 10.1016/j.jmateco.2019.04.009⟩
Popis: International audience; As illustrated by some French departments, how can we explain the existence of equilibria with different fertility and growth rates in economies with the same fundamentals , preferences, technologies and initial conditions? To answer this question we develop an endogenous growth model with altruism and love for children. We show that independently from the type of altruism, a multiplicity of equilibria might emerge if the degree of love for children is high enough. We refer to this condition as the love for children hypothesis. Then, the fertility rate is determined by expectations on the future growth rate and the dynamics are not path-dependent. Our model is able to reproduce different fertility behaviours in a context of completed demographic transition independently from fundamentals, preferences, technologies and initial conditions.
Databáze: OpenAIRE
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