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Demographic Changes and Economic Activityin Greece

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Abstract

This paper investigates the linkages among demographic changes (fertility choice, marriage decision and mortality), real wages and real output in Greece over the period 1960–1998. The results show that in the long run a decrease in infant mortality rates, taking into consideration economic performance and the labor market, causes a reduction in fertility rates. In addition, the results suggest that an increase in real wages decreases nuptiality and fertility. Employing vector error-correction models and impulse response functions, the empirical results support the endogeneity of fertility choice to infant mortality, the labor market and the growth process.

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Authors and Affiliations

  1. Economic Research Department, Bank of Greece, El. Venizelou 21, 102 50, Athens, Greece and

    George Hondroyiannis & Evangelia Papapetrou

  2. Harokopio University, Athens, Greece

    George Hondroyiannis

  3. Department of Economics, University of Athens, Athens, Greece and

    Evangelia Papapetrou

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  1. George Hondroyiannis
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  2. Evangelia Papapetrou
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Hondroyiannis, G., Papapetrou, E. Demographic Changes and Economic Activityin Greece. Review of Economics of the Household 2, 49–71 (2004). https://doi.org/10.1023/B:REHO.0000018022.80998.e3

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  • DOI: https://doi.org/10.1023/B:REHO.0000018022.80998.e3

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