Income Distribution and Macroeconomics Revisited: The Role of Fertility Adjustment

Masao Nakagawa and Yoshiaki Sugimoto

ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka

Abstract: This paper develops a theory in which households prepare for future education by adjusting the number of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth.

Date: 2009-11
New Economics Papers: this item is included in nep-dev
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https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2009/DP0758.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:0758

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