TY - JOUR
T1 - Trade and Productivity: The Family Connection Redux
AU - Prettner, Klaus
AU - Strulik, Holger
PY - 2018
Y1 - 2018
N2 - We investigate the effects of human capital accumulation and declining fertility on international trade by integrating a micro-founded education and fertility decision of households into a model of trade with firm heterogeneity. The theory implies that the export share of a country increases with the education level of its population and decreases with fertility. These implications explain the empirically observable relations between the birth rate, eduction, and the export share in OECD countries from 1960 to 2010.
AB - We investigate the effects of human capital accumulation and declining fertility on international trade by integrating a micro-founded education and fertility decision of households into a model of trade with firm heterogeneity. The theory implies that the export share of a country increases with the education level of its population and decreases with fertility. These implications explain the empirically observable relations between the birth rate, eduction, and the export share in OECD countries from 1960 to 2010.
UR - https://www.sciencedirect.com/science/article/abs/pii/S0164070416302373
U2 - 10.1016/j.jmacro.2018.04.002
DO - 10.1016/j.jmacro.2018.04.002
M3 - Journal article
SN - 0164-0704
VL - 56
SP - 276
EP - 291
JO - Journal of Macroeconomics
JF - Journal of Macroeconomics
ER -