The free trade implications of differential fertility and longevity between countries: a 3x2x2 overlapping-generations general equilibrium analysis

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buir.advisorSayan, Serdar
dc.contributor.authorArbatlı, Cemal Eren
dc.date.accessioned2016-07-01T11:05:23Z
dc.date.available2016-07-01T11:05:23Z
dc.date.issued2006
dc.departmentDepartment of Economicsen_US
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractoverlapping-generations model with lifetime uncertainty and altruistic agents to investigate the welfare implications of fertility and longevity differentials between trading countries. In the first model (the basic model), agents optimistically assume that they will survive into old age with certainty and have a constant saving rate. Agents in the second model (the anticipation model), on the other hand, correctly anticipate the mortality rates and adjust their saving rates accordingly. The models are solved both under autarky and a Heckscher-Ohlin free trade setting. The analytical results on the direction of the effects of changing population dynamics under lifetime certainty are complemented by numeric results under lifetime uncertainty that provide important insights on how increasing longevity and declining fertility rates may affect the welfare prospects of countries that are at different stages of demographic transition. The solutions reveal that longevity differentials are sufficient to create grounds for trade between countries with equal as well as different population sizes. In a closed economy, when mortality rates are perfectly anticipated, the marginal benefit of higher longevity gradually diminishes as the life expectancy increases and/or the fertility rate decreases. Consistently with this result, as demographic transition proceeds, free trade under longevity differentials tends to make the lowmortality country better off and the high-mortality country worse off compared to autarky.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityArbatlı, Cemal Erenen_US
dc.format.extentxi ,191 leaves, graphsen_US
dc.identifier.itemidBILKUTUPB099855
dc.identifier.urihttp://hdl.handle.net/11693/29800
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectDynamic tradeen_US
dc.subjectLife expectancen_US
dc.subjectFertilityen_US
dc.subjectLifetime uncertaintyen_US
dc.subjectOverlapping-generations general equilibrium modelen_US
dc.subjectHeckscher-Ohlinen_US
dc.subject.lccHF1379 .A73 2006en_US
dc.subject.lcshInternatinoal trade Social aspects.en_US
dc.titleThe free trade implications of differential fertility and longevity between countries: a 3x2x2 overlapping-generations general equilibrium analysisen_US
dc.typeThesisen_US

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