Population Economics

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MIT Press, 1995 - Business & Economics - 275 pages
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From Malthus to Becker, the economic approach to population growth and its interactions with the surrounding economic environment has undergone a major transformation. Population Economics elucidates the theory behind this shift and the consequences for economic policy.

Razin and Sadka systematically examine the microeconomic implications of people's decisions about how many children to have and how to provide for them on population trends and social issues of population policy. The authors analyze how these decisions affect labor supply, consumption, savings and bequests, investments in human capital, and economic growth, along with related new issues such as migration and income redistribution across generations, in an integrated microeconomic framework.

Population Economics is a thoroughly modern treatment of population economics as a field in public economics. It integrates and extends Marc Nerlove's Household and Economy: Welfare Economics of Endogenous Fertility, as well as work written jointly with colleagues that has appeared in various journals and other publications.
  

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Contents

Summary Indicators
5
Number and Quality of Children
13
Children as a Capital Good
23
Social Evaluation of Population Size
37
Malthuss Hypothesis
75
Bequests as a Public Good within Marriage
81
Full Information
87
Imperfect Information
103
The Extended Role
147
Engines of Growth
167
A Survey
183
Empirical Regularities and Trends
201
Factor and Goods Mobility and International Migration
215
Normative Issues of International Migration
233
Notes
245
References
251

The Intergenerational Role of Social Security
115
Intragenerational Income Distribution Policies
135

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About the author (1995)

Assaf Razin is Mario Henrique Simonsen Professor of Public Economics at Tel Aviv University and Friedman Professor of International Economics at Cornell University. He is also a Research Associate at NBER, a Research Fellow at CEPR, and a Research Fellow at CESifo.

Efraim Sadka is Henry Kaufman Professor of International Capital Markets at Tel Aviv University and a Research Fellow at CESifo.

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