| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20050 |
| 来源ID | Working Paper 20050 |
| Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data | |
| Abhijit Banerjee; Xin Meng; Tommaso Porzio; Nancy Qian | |
| 发表日期 | 2014-04-10 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This study uses micro data and an overlapping generations (OLG) model to show that general equilibrium (GE) 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 (PE), increased fertility lowers household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the model to conduct a GE analysis and show that under standard assumptions and with the parameters implied by the data, GE forces can substantially offset the PE effects. Thus, focusing only on the PE can substantially overstate the effect of aggregate fertility on household savings. |
| 主题 | Labor Economics ; Demography and Aging ; Development and Growth ; Development ; Growth and Productivity ; Country Studies |
| URL | https://www.nber.org/papers/w20050 |
| 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/577724 |
| 推荐引用方式 GB/T 7714 | Abhijit Banerjee,Xin Meng,Tommaso Porzio,et al. 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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