Fertility and Wage Rates in an Overlapping-Generations Model

@article{citeulike:812883, abstract = {Two conflicting conclusions exist about the relationship between fertility and wage rates in steady-state equilibria in the literature. While Malthus and others predict a positive relation, Barro and Becker find a negative relation. Using several specifications of utility functions, this paper shows that whether bequests are operative or non-operative plays a critical role in determining the relation. Specifically, it is shown that fertility and wage rates are negatively related when bequests are operative; and given some plausible restrictions, they are positively related when bequests are non-operative.}, author = {Zhang, Jie and Zhang, Junsen }, citeulike-article-id = {812883}, journal = {The Canadian Journal of Economics}, keywords = {fertility, wage}, number = {1}, pages = {224--234}, posted-at = {2006-08-22 18:49:18}, priority = {2}, title = {Fertility and Wage Rates in an Overlapping-Generations Model}, url = {http://www.jstor.org/stable/136368}, volume = {30}, year = {1997} }

TY - JOUR ID - citeulike:812883 L3 - citeulike-article-id:812883 TI - Fertility and Wage Rates in an Overlapping-Generations Model JF - The Canadian Journal of Economics VL - 30 IS - 1 SP - 224 EP - 234 N2 - Two conflicting conclusions exist about the relationship between fertility and wage rates in steady-state equilibria in the literature. While Malthus and others predict a positive relation, Barro and Becker find a negative relation. Using several specifications of utility functions, this paper shows that whether bequests are operative or non-operative plays a critical role in determining the relation. Specifically, it is shown that fertility and wage rates are negatively related when bequests are operative; and given some plausible restrictions, they are positively related when bequests are non-operative. KW - fertility KW - wage AU - Zhang, Jie AU - Zhang, Junsen PY - 1997/// UR - http://www.jstor.org/stable/136368 ER -