Equivalence scales in a rank-3 demand system
Article Abstract:
Rank-3 demand systems are Engel curves that span the function space in three dimensions to estimate and test equivalence scales, or the relative cost of demographic characteristics. Although rank-2 demand systems that contain nonlinear expenditure terms in its budget shares can also be used to test equivalence scales, tests in a nested framework suggest that rank-3 demand systems are better in generating empirical results. A detailed pattern of demographic costs is estimated using the informative structure of the rank-3 demand system.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1995
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Endogenous fertility and the Henry George Theorem
Article Abstract:
An attempt is made to establish the existence of an isomorphism between the set of allocations in a local public goods model with endogenous population size and steady states in an overlapping-generations model with endogenous fertility. P.A. Samuelson's Serendipity Theorem, which corresponds to the so-called Henry George Theorem, and institutional arrangements that sustain optimum population growth are examined.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1996
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Mortality decline and long-run economic growth
Article Abstract:
Research is presented describing the study of population aging and the impact on investment and financial growth caused by a declining population.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2001
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