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来源类型Working Paper
规范类型报告
DOI10.3386/w16596
来源IDWorking Paper 16596
Baby Busts and Baby Booms: The Fertility Response to Shocks in Dynastic Models
Larry E. Jones; Alice Schoonbroodt
发表日期2010-12-09
出版年2010
语种英语
摘要Economic demographers have long analyzed fertility cycles. This paper builds a foundation for these cycles in a model of fertility choice with dynastic altruism and aggregate shocks. It is shown that under reasonable parameter values, fertility is pro-cyclical and that, following a shock, fertility continues to cycle endogenously as subsequent cohorts enter retirement. Quantitatively, in the model, the Great Depression generates a large baby bust -- between 38% and 63% of that seen in the U.S. in the 1930s -- which is subsequently followed by a baby boom -- between 53% and 92% of that seen in the U.S. in the 1950s.
主题Macroeconomics ; Macroeconomic Models ; Labor Economics ; Demography and Aging ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w16596
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574271
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Larry E. Jones,Alice Schoonbroodt. Baby Busts and Baby Booms: The Fertility Response to Shocks in Dynastic Models. 2010.
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