Habits, aspirations and endogenous fertility

Luciano Fanti

Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy

Abstract: Motivated by the increasing literature on endogenous preferences as well as on endogenous fertility, this paper investigates the implications of the interaction of the endogenous determination of the number of children with habit and aspiration formation in an OLG model. In contrast with the previous literature, we show that greater aspirations may lead to higher savings, and more interestingly, always increase the neoclassical economic growth.

Keywords: Endogenous preferences; Fertility; OLG model. (search for similar items in EconPapers)
JEL-codes: J13 O41 (search for similar items in EconPapers)
Date: 2012-09-01
New Economics Papers: this item is included in nep-dge, nep-evo, nep-lab and nep-lma
Note: ISSN 2039-1854
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Related works:
Working Paper: Habits, aspirations and endogenous fertility (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pie:dsedps:2012/143

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