全球智库信息集成服务系统(G2TT): Habit formation, dynastic altruism, and population dynamics

G2TT

来源类型	Working papers
规范类型	论文
DOI	10.3929/ethz-a-005510883
	Habit formation, dynastic altruism, and population dynamics
	Schä; fer, Andreas; Valente, Simone
发表日期	2007-11
出版者	ETH Zurich, Center of Economic Research (CER-ETH)
出版年	2007
语种	英语
摘要	We study the general equilibrium properties of two growth models with overlapping generations, habit formation and endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in fertility; stationary income per capita is associated with either increasing or decreasing population and output, depending on the strength of habits. In the AK specification, growing population and increasing consumption per capita require that the habit coefficient lie within definite boundaries; outside the critical interval, positive growth is associated with either declining consumption due to overcrowding, or extinction paths with declining population. In both frameworks, habits reduce fertility: the trade-off between second-period consumption and spending for bequests prompts agents to decrease fertility in order to make parental altruism less costly. This mechanism suggests that status-dependent preferences may explain part of the decline in fertility rates observed in most developed economies.
主题	Economic growth ; Endogenous fertility ; Habit formation ; Intergenerational altruism ; Overlapping generations
URL	https://www.research-collection.ethz.ch/handle/20.500.11850/6107
来源智库	Centre for Energy Policy and Economics (Switzerland)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/266653
推荐引用方式 GB/T 7714	Schä,fer, Andreas,Valente, Simone. Habit formation, dynastic altruism, and population dynamics. 2007.

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eth-30009-01.pdf（1197KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
eth-30009-01.jpg（3KB）	智库出版物		限制开放	CC BY-NC-SA	浏览