 Consequences of Permanent Changes in Child Mortality on Parental Welfare and Population DensityMia Horn af Rantzien No 29, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics Abstract: In an overlapping generations framework, the effects of exogenous changes in child mortality on fertility and parental welfare in the short run and on fertility, population density and parental welfare in the long run is analyzed in a primitive, land-constrained economy. In a first step a perfectly foreseen rate of survival of children into adulthood is analyzed. It is shown that a decrease in child mortality always increase parental welfare in the short run while the direction of the change in fertility choice depends on the relative risk aversion. In the long run, however, parental welfare is reduced independently of the degree of the relative risk aversion. In a second step, uncertainty about the survival rate is considered. It is shown that the effects on fertility choice in the short run and on population density in the long run remains qualitatively the same as in the case with a perfectly foreseen survival rate. Keywords: Endogenous fertility; child mortality; old age security; farm size (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0029 Access Statistics for this paper More papers in SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC. |
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