Rising Longevity, Fertility Dynamics, and R&D-based Growth

Koichi Futagami and Kunihiko Konishi ()
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Kunihiko Konishi: Research Fellow of the Japan Society for the Promotion of Science (JSPS)

No 17-26, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This study constructs an overlapping-generations model with endogenous fertility, mortality, and R&D activities. We demonstrate that the model explains the observed fertility dynamics of developed countries. When the level of per capita wage income is either low or high, an increase in such income raises the fertility rate. When the level of per capita wage income is in the middle, an increase in such income decreases the fertility rate. The model also predicts the observed relationship between population growth and innovative activity. At first, both the rates of population growth and technological progress increase, that is, there is a positive relationship. Thereafter, the rate of population growth decreases but the rate of technological progress increases, showing a negative relationship.

Keywords: Fertility; Mortality; R&D (search for similar items in EconPapers)
JEL-codes: D91 J13 O10 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2017-08
New Economics Papers: this item is included in nep-age, nep-dge, nep-evo, nep-gro, nep-hea and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Rising longevity, fertility dynamics, and R&D-based growth (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:1726

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