Fertility and R&D-based Growth: The Role of Higher Education

Quang-Thanh Tran

No 198, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

Abstract: This paper studies how higher education incentives affect fertility decisions and influence long-term economic growth using an R&D-based growth overlapping-generations model with endogenous education/career choice. In this model, higher education plays a dual role – it increases earnings for skilled labor and technological progress but also discourages childbearing. When the fertility of skilled workers is sufficiently low, too many higher education pursuers may lead to a long-run secular stagnation where technology and population remain constant or even a persistent population decline. To avoid these scenarios, regulating access to higher education may be necessary, although it could impose welfare loss on some generations following the policy’s introduction.

Keywords: career choice; endogenous fertility; overlapping generations; higher education (search for similar items in EconPapers)
JEL-codes: E13 J11 J13 J14 J22 J24 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:dpc:wpaper:0198

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