Demographic change, human capital accumulation and R&D‐based growth
通过一个包含内生生育和教育决策的研发增长模型，研究了预期寿命延长引起的人口变化如何影响长期经济增长，并比较了儿童教育补贴和育儿补贴对增长的不同影响。
Abstract Employing an overlapping generations model of R&D‐based growth with endogenous fertility and education decisions, we examine how demographic changes induced by an increase in life expectancy influence the long‐run growth rate of the economy. We demonstrate that life expectancy, when relatively low (high), positively (negatively) affects economic growth. This paper also compares the growth implications of child education subsidy policies (i.e., policies for enhancing basic education) and child rearing subsidy policies (i.e., pro‐natal policies) and demonstrate that while the child education subsidies consistently foster economic growth, child rearing subsidies may negatively affect economic growth.