Bequeathed tastes and fertility in an endogenous growth model

Akihiko Kaneko, Hideya Kato (), Tsuyoshi Shinozaki () and Mitsuyoshi Yanagihara ()
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Hideya Kato: Faculty of Economics, Ryukoku University
Tsuyoshi Shinozaki: Faculty of Economics, Tohoku Gakuin University
Mitsuyoshi Yanagihara: Graduate School of Economics, Nagoya University

Economics Bulletin, 2016, vol. 36, issue 3, 1422-1429

Abstract: In this paper, we incorporate an endogenous fertility decision into De la Croix's (1996) bequeathed tastes model under a log-linear utility function and an -type production function, following Romer (1989). We show that the presence of bequeathed tastes can explain the decline of the fertility rate that has occurred in developed economies.

Keywords: Overlapping generations model; Bequeathed tastes; Fertility; Endogenous growth (search for similar items in EconPapers)
JEL-codes: E2 J1 (search for similar items in EconPapers)
Date: 2016-08-03
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Citations: View citations in EconPapers (2)

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