Fertility, income inequality, and labour productivity

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Title Fertility, income inequality, and labour productivity
Author Swift, Robyn Frances; Guest, Ross
Journal Name Oxford Economic Papers
Editor A Banerjee
Year Published 2008
Place of publication Oxford
Publisher Oxford University Press
Abstract There is mounting evidence of a complex system of multi-directional links between fertility, productivity and inequality. The contribution of this study is a multi-country analysis of these three variables as a simultaneous system in a VECM framework using annual time series data for the UK, USA, Australia, Japan and Sweden. The results highlight some differences between countries in the relationships between the variables. For the UK and Australia, the VECM analysis reveals a long run relationship between fertility and productivity to which both fertility and productivity adjust. This calls into question pro-fertility policies in these countries that aim to offset the costs of population ageing, because an increase in fertility may be associated with lower productivity in the long run. The results for the USA suggest that raising productivity in the long run will be associated with a decrease in both inequality and fertility. No significant long run relationships were found for Japan and Sweden.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1093/oep/gpn003
Copyright Statement Copyright 2008 Oxford University Press. This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Oxford Economic Papers following peer review. The definitive publisher-authenticated version [Title] Oxford Economic Papers Volume60, Issue4 Pp. 597-618. is available online at: http://dx.doi.org/10.1093/oep/gpn003
Volume 60
Issue Number 4
Page from 597
Page to 618
ISSN 0030-7653
Date Accessioned 2008-10-15
Language en_AU
Research Centre Griffith Asia Institute
Faculty Griffith Business School
Subject PRE2009-Macroeconomics (incl. Monetary and Fiscal Theory)
URI http://hdl.handle.net/10072/21404
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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