Intergenerational Trade, Longevity, and Economic Growth
Isaac Ehrlich () and
Journal of Political Economy, 1991, vol. 99, issue 5, 1029-59
The authors develop an overlapping-generations model of endogenous growth in which human capital is the engine of growth and the generations are linked through material and emotional interdependencies within the family. Parents invest in their children to achieve both old-age support (care) and emotional gratification, and material support from children is determined through self-enforcing implicit contracts. The authors show that optimal intergenerational trade can then lead to maximization of growth opportunities. Their model produces a theory of the "demographic transition" linking longevity, fertility, and economic growth. Copyright 1991 by University of Chicago Press.
References: Add references at CitEc
Citations: View citations in EconPapers (266) Track citations by RSS feed
Downloads: (external link)
http://dx.doi.org/10.1086/261788 full text (application/pdf)
Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:99:y:1991:i:5:p:1029-59
Access Statistics for this article
More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().