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The effect of life expectancy on fertility, saving, schooling and economic growth: Theory and eviden

香港中文大学 辅仁网/2017-07-06

The effect of life expectancy on fertility, saving, schooling and economic growth: Theory and evidence
Publication in refereed journal


香港中文大学研究人员 ( 现职)
张俊森教授 (经济学系)


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引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/52WOS source URL

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摘要We construct a simple growth model where agents with uncertain survival choose schooling time, life-cycle consumption and the number of children. We show that rising longevity reduces fertility but raises saving, schooling time and the growth rate at a diminishing rate. Cross-section analyses using data from 76 countries support these propositions: life expectancy has a significant positive effect on the saving rate, secondary school enrollment and growth but a significant negative effect on fertility. Through sensitivity analyses, the effect on the saving rate is inconclusive, while the effects on the other variables are robust and consistent. These estimated effects are decreasing in life expectancy.

着者Zhang J, Zhang JS
期刊名称Scandinavian Journal of Economics
出版年份2005
月份1
日期1
卷号107
期次1
出版社WILEY-BLACKWELL
页次45 - 66
国际标準期刊号0347-0http://aims.cuhk.edu.hk/converis/portal/Publication/520
语言英式英语

关键词fertility; growth; human capital; investments; longevity
Web of Science 学科类别Business & Economics; Economics; ECONOMICS

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