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  • 1
    Electronic Resource
    Electronic Resource
    The cost of children: May the collective approach to household behavior help? (1999)
    Springer
    Journal of population economics 12 (1999), S. 503-521 
    Details
    ISSN: 1432-1475
    Keywords: JEL classification: D10 ; J13 ; J15 ; Key words: Consumption behaviour ; intra-household allocation ; cost of children
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract. The collective approach to household consumption behavior tries to infer from variables supposed to affect the general bargaining position of household members information on the allocation of consumptions goods and tasks among them. This paper investigates the extension of previous work to the case where children may be considered as a public consumption good by the two adult members of a household. The main question being asked is whether it is possible to retrieve from the aggregate consumption behaviour of the household and the relative earnings of the parents information on the allocation of goods between them and children. This alternative approach to the estimation of the ‘cost of children’ is contrasted with the conventional approach based on a ‘unitary’ representation of and demographic separability assumptions on household consumption behaviour.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/s001480050111
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Is sustainable growth optimal? (1995)
    Springer
    International tax and public finance 2 (1995), S. 341-356 
    Details
    ISSN: 1573-6970
    Keywords: sustainable development ; extinction ; optimal endogenous growth
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper analyzes sustainable growth in a stochastic environment, with human extinction as a possible outcome. The basic constraint of sustainability is that consumption never decreases over an infinite horizon, which requires that the probability of extinction be maintained at zero. We show that this problem can be examined in a standard optimal-growth model. Under certain conditions, the solution of this problem is a corner solution with probability of survival equal to one, at the cost of economic growth. These conditions depend on the initial development level and on the elasticity of utility with respect to consumption. In some circumstances, which depend on the social discount rate, optimal-growth paths do not exist. In these situations, the sustainable-growth concept has a clear autonomy with respect to the usual optimality criterion.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00877505
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    Paper (German National Licenses)
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