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Economics Research International
Volume 2011 (2011), Article ID 726756, 4 pages
http://dx.doi.org/10.1155/2011/726756
Research Article

Endogenous Fertility and Development Traps with Endogenous Lifetime

1Department of Economics, University of Pisa, Via Cosimo Ridolfi 10, 56124 Pisa, Italy
2Department of Law and Economics “G.L.M. Casaregi”, University of Genoa, Via Balbi 30/19, 16126 Genoa, Italy

Received 26 February 2011; Revised 24 March 2011; Accepted 27 March 2011

Academic Editor: Ali M. Kutan

Copyright © 2011 Luciano Fanti and Luca Gori. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

We extend the literature on endogenous lifetime and economic growth by Chakraborty (2004) and Bunzel and Qiao (2005) to endogenous fertility. We show that development traps due to underinvestments in health cannot appear when fertility is an economic decision variable and the costs of children are represented by a constant fraction of the parents' income used for their upbringing.