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- W2000871487 abstract "Introducing fertility choice into an RD thus, we analyze the alternatives. If one relaxes the IES=1 assumption, and introduces a minimum subsistence fertility level to the model, there may (but may not) emerge an asymptotic balanced growth path with positive growth rates, to which the economy eventually converges as levels of variables diverge to infinity. This balanced growth path is either saddle-path stable or completely stable. We also address the issue of the economy's invariance towards fertility-promoting policy within the semi-endogenous growth framework. We conclude that such policy can bring long-run effects only in the knife-edge case of IES=1 type. Jones' policy invariance result is typically consistent with endogenous fertility." @default.
- W2000871487 created "2016-06-24" @default.
- W2000871487 creator A5089189909 @default.
- W2000871487 date "2006-01-01" @default.
- W2000871487 modified "2023-09-26" @default.
- W2000871487 title "Fertility Choice and Semi-Endogenous Growth: Where Becker Meets Jones" @default.
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- W2000871487 doi "https://doi.org/10.2139/ssrn.921352" @default.
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