A simple endogenous growth model with endogenous fertility: indeterminacy and uniqueness.
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This study is concerned with the impact of changes in economic conditions on the family. "Three issues are considered in this paper. First, the reasons why the family is not fading away as an economic entity are discussed. The argument of this paper is that, despite the declines in various economic functions of the family and the increases in divorces and in other failures, the survival capacity of the family is both strong and robust." Second, the author contends that the economic approach should be extended to deal with the effects of the life-span revolution, shifts in prices and incomes, and the ability of the family to cope with these changes. Third, the hypothesis is put forward that intergenerational transfers are less important than increases over time in real per capita incomes and changes in income composition, its permanent and temporary components, and the sources of income. The geographical focus is worldwide.
"This paper analyzes changes in the economic well-being of the elderly using data from the [U.S.] Decennial Censuses of 1950 through 1980. We find that the economic status of each elderly cohort is higher on average than that of the preceding cohort. Certain events associated with age--retirement for both men and women and widowhood for women--are associated with declining incomes. Controlling for sex, labor force participation, and marital status, however, the economic well-being of elderly cohorts generally increases with age."
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"The annual growth rates of total personal income and population in regional metropolitan and nonmetropolitan areas [of the United States] are examined for the period 1959-87, partitioned into sub periods. Statistical testing for equality of rates shows no perceptible differences in growth rates between the major categories, metro and nonmetro. Further, this study uses a model similar in scope to shift-share analysis to test for convergence of the growth rates within these categories. It was found that for both regional nonmetro and metro areas, there was a general trend toward convergence with the exception of the 1970s decade. In that decade total population growth rates in the nonmetro areas and total income and total population growth rates in the metro areas showed significant divergences."
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"During the period 1970-1985 a general deterioration of the income positions of the younger generations and a marked improvement of the economic position of the elderly has been documented for the U.S. and the U.K. This article shows that the same trend also appeared in Flanders. The causes of these new trends in poverty and/or insecurity are analysed, including the effects of new forms of household formation and dissolution." (SUMMARY IN ENG AND FRE)
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