| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1793 |
| 来源ID | Working Paper 1793 |
| A Reformulation of the Economic Theory of Fertility | |
| Gary S. Becker; Robert J. Barro | |
| 发表日期 | 1986 |
| 出版年 | 1986 |
| 语种 | 英语 |
| 摘要 | When parents are altruistic toward children, the choices of fertility and consumption come from the maximization of a dynastic utility function. The maximization conditions imply first, an arbitrage condition for consumption across generations, and second, the equation of the benefit from an extra child to the net cost of rearing that child. These conditions imply that fertility in open economies depends positively on the world interest rate, on the degree of altruism, and on the growth of child-survival probabilities; and negatively on the rate of technical progress and the growth rate of social security. The growth of consumption across generations depends on changes in the net cost of rearing children, but not on interest rates or tirne preference. Even when we include life-cycle elements, we conclude that the growth of aggregate consumption per capita depends in the long run on the growth of consumption across generations. Thereby we show that real interest rates and growth rates of consumption per capita would be unrelated in the long run. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w1793 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 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/559039 |
| 推荐引用方式 GB/T 7714 | Gary S. Becker,Robert J. Barro. A Reformulation of the Economic Theory of Fertility. 1986. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1793.pdf（513KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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