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| Luciano Fanti |
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| ''Longevity, fertility and Demographic Transition in an OLG model.'' |
| ( 2009, Vol. 29 No.1 ) |
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| The paper investigates the effects of declining mortality on fertility and income in the
standard OLG neoclassical growth model under the assumptions of accidental bequests as well as
fully annuitised savings. It is shown whether and how different countries may expect increasing or
decreasing fertility rates under increasing longevity, and argued that mortality decline may be
another explanation of the Demographic Transition process. In particular, the fact that some
countries have completed the process while others are entrapped in the second stage may depend on
the initial level of mortality as well as on differences in technology and preferences. It is also
argued that the third stage may not necessarily occur in some less developed countries even if their
mortality rates converge towards those of industrialised countries.
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| Keywords: longevity |
JEL:
D9 - Intertemporal Choice and Growth: General |
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| Manuscript Received : Oct 14 2008 | | Manuscript Accepted : Mar 18 2009 |
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