Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18691
Authors: 
Fehr, Hans
Jokisch, Sabine
Kotlikoff, Laurence J.
Year of Publication: 
2004
Series/Report no.: 
CESifo Working Paper 1326
Abstract: 
This study uses Fehr, Jokisch, and Kotlikoff's (2004a) dynamic general equilibrium model to analyze the effects of changes in fertility and mortality on the developed world's demographic transition. The model features three regions – the U.S., Japan, and the EU-15 – and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions, and international capital mobility, subject to adjustment costs. Our simulations confirm the offsetting fiscal and economic consequences of both higher fertility and lower mortality rates. The simulations indicate very minor effects on the developed world's rather bleak baseline transition path from either major increases in fertility rates or major reductions in mortality rates.
Subjects: 
demographic transition
computable general equilibrium model (CGE )
fertility
mortality
JEL: 
D58
H55
J11
Document Type: 
Working Paper

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