This paper examines a novel mechanism linking fertility and growth. Household fertility is determined by relative wages … of women and men. Increasing women's wages reduces fertility by raising the cost of children relatively more than … household income. Lower fertility raises the level of capital per worker which in turn, since capital is more complementary to …

undeveloped steady stare with little human capital, low rates of return on human capital investments and high fertility, and a … developed steady stats with higher rates of return a large, and, perhaps, growing stock of human capital and low fertility …

the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …