Abstract
The work of Becker (1960, 1981) on the economics of the family where the number and the “quality” of children are endogenous has in recent years given rise to studies in population policy such as Nerlove et al. (1984) and Kemp et al. (1983). In these analyses the number of children a family chooses to have and the size of the bequest left to them are the result of utility maximization by a typical family; hence the size and age structure of the population can be made endogenous and the effect on them of various policy parameters can be studied.
I am grateful to an anonymous referee for many useful comments.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Becker, G. S. (1960) An Economic Analysis of Fertility. In: R. A. Easterlin (Ed.) Demographic and Economic Change. Princeton: Princeton University Press
Becker, G. S. (1981) A Treatise on the Family. Harvard University Press, Cambridge MA
Collet, P. and Eckman, J-P. (1980) Iterated Maps of the Interval as Dynamical Systems. Birkhauser, Boston
Kemp, M. C., Leonard, D., and Long, N. V. (1989) A Contribution to the Theory of Economic Planning: A Family-based Model of Population growth. In S. Bhagwan Dahiya (Ed.) Theoretical Foundations of Development Planning. Inter-India Publiccations, New Delhi
Kemp, M. C., Leonard, D., and Long, N. V. (1984) Three Pitfalls in the Construction of Family-based Models of Population Growth. European Economic Review 25: 345–354
Leonard, D. (1984) Solomn’s Dilemma: the Consequences of Restricting Variables to Integer Values. Paper Presented at the 1984 Australasian Meetings of the Econometric Society. Sydney, Australia
Lichtenberg, A. J. and Lieberman M. A. (1983) Regular and Stochastic Motion. Applied Mathematical Sciences Series No. 38. Springer Verlag, New York
Nerlove, M., Razin, A., and Sadka, E. (1986) Bequests and the Size of Population When Population is Endogenous. Journal of Political Economy 92, No. 3: 527–531
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1989 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Leonard, D. (1989). Endogenous Population With Discrete Family Size and a Capital Market. In: Zimmermann, K.F. (eds) Economic Theory of Optimal Population. Microeconomic Studies. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-50043-5_3
Download citation
DOI: https://doi.org/10.1007/978-3-642-50043-5_3
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-50045-9
Online ISBN: 978-3-642-50043-5
eBook Packages: Springer Book Archive