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Abstract U.S. fertility rose from a low of 2.27 children for women born in 1908 to a peak of 3.21 children for women born in 1932. It dropped to a new low of 1.74 children for women born in 1949, before stabilizing for subsequent cohorts. We propose a novel explanation for this boom-bust...
Persistent link: https://www.econbiz.de/10008554218
industrialization transforms the economic landscape. …
Persistent link: https://www.econbiz.de/10005067409
The debate about the long-term economic development of China compared with Europe has taken a new turn with the publication of Kenneth Pomeranz’ book on ‘The Great Divergence’, in which he maintains that before the Industrial Revolution the most advanced parts of China (in particular the...
Persistent link: https://www.econbiz.de/10008677242
This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history....
Persistent link: https://www.econbiz.de/10005136732
This Paper examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per capita, technology, and population over the course...
Persistent link: https://www.econbiz.de/10005497992
This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history....
Persistent link: https://www.econbiz.de/10009002382
This study uses micro data and an OLG model to show that general equilibrium forces are critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important source of old-age support and that in partial...
Persistent link: https://www.econbiz.de/10011084282
stages of industrialization was ultimately reversed and the demographic transition brought about a significant reduction in …
Persistent link: https://www.econbiz.de/10005662096
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population, technology and income per capita in the long...
Persistent link: https://www.econbiz.de/10005666934
Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and … industrialization requires rising growth of agricultural total factor productivity. This result is in marked contrast to previous work … within a similar framework - but with a constant population - which came to the conclusion that industrialization requires …
Persistent link: https://www.econbiz.de/10005791731