Demographic-economic equilibria when the age at motherhood is endogenous

Hippolyte d'Albis, Emmanuelle Augeraud-Véron and Katheline Schubert

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Abstract: In this article, we study the joint dynamics of the demography and the economy. We explore how economic conditions affect fertility choices, and in return how the population growth rate affects both financial and labor markets. Our main contribution is to consider a realistic demographic setup that allows characterizing the age at which individuals decide to give birth to their children. In such a framework, we aim at studying the existence of an equilibrium. We notably prove there exists a monetary steady state if the average age of consumers is greater than the average age of producers.

Keywords: Demographic economics; fertility choices; monetary equilibrium (search for similar items in EconPapers)
Date: 2010-11
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00547274v1
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Citations: View citations in EconPapers (8)

Published in Journal of Mathematical Economics, 2010, 46 (6), pp.1211-1221. ⟨10.1016/j.jmateco.2010.09.001⟩

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Related works:
Journal Article: Demographic-economic equilibria when the age at motherhood is endogenous (2010)
Working Paper: Demographic-economic equilibria when the age at motherhood is endogenous (2010)
Working Paper: Demographic-economic equilibria when the age at motherhood is endogenous (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00547274

DOI: 10.1016/j.jmateco.2010.09.001

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