In contrast with the existing literature with overlapping generations, aspirations and exogenous fertility, this article shows that endogenous fertility prevents endogenous fluctuations in a general equilibrium economy.
The dynamics of bequeathed tastes with endogenous fertility
GORI, LUCA;
2016-01-01
Abstract
In contrast with the existing literature with overlapping generations, aspirations and exogenous fertility, this article shows that endogenous fertility prevents endogenous fluctuations in a general equilibrium economy.
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