Endogenous fertility in a growth model with public and private health expenditures

Varvarigos, Dimitrios and Zakaria, Intan Zanariah (2013) Endogenous fertility in a growth model with public and private health expenditures. Journal of Population Economics, 26 (1). pp. 67-85. ISSN 0933-1433 E-ISSN 1432-1475

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Abstract

We build an overlapping-generations model that incorporates endogenous fertility choices, in addition to public and private expenditures on health. Following the seminal analysis of Bhattacharya and Qiao (J Econ Dyn Control 31:2519–2535, 2007) we assume that the effect of public health investment is complementary to private health expenditures. We find that this effect reinforces the positive impact of the capital stock on aggregate saving. Furthermore, we show that this complementarity can provide an additional explanation behind a salient feature of demographic transition; that is, the fertility decline along the process of economic growth.

Item Type:	Article (Journal)
Additional Information:	3633/68199
Uncontrolled Keywords:	Fertility, Economic growth, Health expenditures
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory H Social Sciences > HB Economic Theory > HB131 Methodology.Mathematical economics. Quantitative methods
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences
Depositing User:	INTAN ZANARIAH ZAKARIA
Date Deposited:	05 Apr 2019 11:19
Last Modified:	05 Apr 2019 11:19
URI:	http://irep.iium.edu.my/id/eprint/68199

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