Reflect on the escape from a stagnant or Malthusian system. If this transformation is propelled by human capital, it should be spearheaded by individuals possessing elevated human capital. To explore this hypothesis, we investigate the connection between family size and human capital among...

This paper consolidates two previously disconnected literatures. It integrates R&D-based innovations into a unified growth framework with micro-founded fertility and schooling behavior. The theory suggests a refined view on the human factor in productivity growth. It helps to explain the...

It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its negative effect on labor supply. There are, however, theoretical arguments suggesting that the effect of falling fertility on effective labor supply can be offset by associated...