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刘熙莹等:Fertility, social mobility and long run inequality
时间:2016-05-25  阅读:

  摘要:Dynastic altruistic models with endogenous fertility have been shown to be unable to generate enough intergenerational persistence. Using a Bewley model with endogenous fertility we show that it is possible to recover persistence. Key ingredients for our result include exponential child discounting, discrete number of children, diminishing costs of child rearing, and an elasticity of intergenerational substitution larger than one. Our model provides a unified framework of analysis for long-run inequality that incorporates fertility choices.

  关键词:Fertility, Altruism, Inequality, Intergenerational persistence.

  作者:Juan Carlos Cordoba, Xiying Liu, and Marla Ripoll.

  

  本文于20162月刊登于JOURNAL OF MONETARY ECONOMICSVolume 77, Pages 103-124

  JOURNAL OF MONETARY ECONOMICS为永利官网A类期刊。