Endogenous fertility cycles and childcare services

被引：1
|
作者：
Muro, Kazunobu [1 ]
机构：
[1] Meiji Gakuin Univ, Fac Dept Econ, Minato Ku, Shirokanedai 1-2-37, Tokyo 1088636, Japan
来源：
INTERNATIONAL JOURNAL OF ECONOMIC THEORY | 2023年 / 19卷 / 02期
基金：
日本学术振兴会;
关键词：
childcare services subsidy; child-rearing costs; elasticity of fertility with respect to childcare expenditure; endogenous fertility cycles; two-sector model; ECONOMIC-GROWTH; GAP; INCENTIVES;
D O I：
10.1111/ijet.12347
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We construct a two-sector overlapping generation model with endogenous fertility, where one sector produces goods and the other produces childcare services. The elasticity of fertility-related expenditures on services is crucial for determining labor participation and whether fertility converges to a steady state with monotone or oscillation. If capital intensity in the goods sector is greater than the products of elasticity and capital intensity in the service sector, then capital per capita and fertility converge to a steady state monotonically. Conversely, they converge to a steady state with oscillations, otherwise. We find an inverse J-shaped relationship between fertility and elasticity.
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页码：221 / 247
页数：27
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