| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9935 |
| DP9935 Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data | |
| Abhijit Banerjee; Nancy Qian; Xin Meng; TOMMASO PORZIO | |
| 发表日期 | 2014-04-13 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This study uses micro data and an OLG model to show that general equilibrium forces are critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important source of old-age support and that in partial equilibrium, increased fertility lowers household savings. Then, we construct an OLG model that parametrically matches the partial equilibrium empirical evidence. Finally, we extend the model to conduct a general equilibrium analysis and show that under standard assumptions and with the parameters implied by the data, general equilibrium forces can substantially offset the partial equilibrium effects. Thus, focusing only on partial equilibrium effects can substantially overstate the effect of a change in aggregate fertility on households savings. |
| 主题 | Development Economics |
| 关键词 | Demographic structure Savings Fertility |
| URL | https://cepr.org/publications/dp9935 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538769 |
| 推荐引用方式 GB/T 7714 | Abhijit Banerjee,Nancy Qian,Xin Meng,et al. DP9935 Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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