A Theory of Occupational Choice with Endogenous Fertility
A Theory of Occupational Choice with Endogenous Fertility
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DOI：
10.1257/mic.4.4.1
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发表时间：
2012-11-01
影响因子：
2.4
通讯作者：
Ray, Debraj
中科院分区：
文献类型：
--
作者：
Mookherjee, Dilip;Prina, Silvia;Ray, Debraj
仅基于局部均衡推理的理论不能解释父母工资和生育率之间普遍存在的负相关，而不是对偏好和育儿成本的限制性假设。我们认为，纳入人力资本收益的动态一般均衡分析可以帮助解释观察到的经验模式。这一理论的其他副产品包括解释没有随机冲击的代际流动性，流动性与生育模式之间的联系，以及局部确定的稳定状态。对稳定状态的比较静态练习揭示了教育、儿童保育补贴、童工法规和收入再分配政策对长期生活水平的影响。(Jel H23、I31、J13、J24、J62、J82)
Theories based on partial equilibrium reasoning alone cannot explain the widespread negative cross-sectional correlation between parental wages and fertility, without restrictive assumptions on preferences and childcare costs. We argue that incorporating a dynamic general equilibrium analysis of returns to human capital can help explain observed empirical patterns. Other by-products of this theory include explanations for intergenerational mobility without stochastic shocks, connections between mobility and fertility patterns, and locally determinate steady states. Comparative statics exercises on steady states shed light on the effects of education, childcare subsidies, child labor regulations, and income redistribution policy on long run living standards. (JEL H23, I31, J13, J24, J62, J82)