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- W2186558446 abstract "We first show that quality of consumption is an important determinant of fertility and labor supply. Taking this observation into account and using a general equilibrium model with vertical quality differentiation and heterogeneous labor, we show how low fertility may persist. This occurs because product quality and skilled labor supply adjust, never realizing the change in labor productivity necessary to reverse declining fertility." @default.
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- W2186558446 date "2009-01-01" @default.
- W2186558446 modified "2023-09-26" @default.
- W2186558446 title "Declining Fertility and Its Related Economic Issues in Japan" @default.
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