Fertility, Inequality and Income Growth
Masaya Shintani and
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Masaya Shintani: Graduate School of Economics, Kobe University
No 187, Discussion Paper Series from School of Economics, Kwansei Gakuin University
This paper sets an endogenous fertility model with a two-sector model: one for the final goods sector and the other for child care service sector. Results of theoretical analysis indicate that the subsidy for children raises the labor share of the child care service sector and that it can increase fertility. An aging population reduces fertility and the labor share of the child care service sector. In addition to these results, we consider monetary policy effects on fertility. Results show that monetary policy can raise fertility and the labor share of the child care service sector by virtue of an increase in the pension benefit if a pay-as-you-go pension exists.
Keywords: Aging Population; Fertility; Income Growth; Monetary Policy; Subsidy (search for similar items in EconPapers)
JEL-codes: J11 J14 E31 H22 (search for similar items in EconPapers)
Pages: 20 pages
New Economics Papers: this item is included in nep-age, nep-gro and nep-mac
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http://126.96.36.199/RePEc/pdf/kgdp187.pdf First version, 2019 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:kgu:wpaper:187
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