Rising longevity, fertility dynamics, and R&D-based growth

Koichi Futagami and Kunihiko Konishi ()
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Kunihiko Konishi: Kyoto University

Journal of Population Economics, 2019, vol. 32, issue 2, No 8, 620 pages

Abstract: 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; Economic development (search for similar items in EconPapers)
JEL-codes: J13 O30 O40 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (10)

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Working Paper: Rising Longevity, Fertility Dynamics, and R&D-based Growth (2017)
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DOI: 10.1007/s00148-018-0691-2

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