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, emphasizing the role of land in the development process. Starting from a pre-industrialization state called the "Malthusian regime …", land and labor are the main production factors. The size of population is limited by the quantity of land available for … effect". If this effect is strong enough, the economy can reach an "ultimate growth regime". In the different phases, land …
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Higher child mortality reduces the willingness of parents to invest in children's education and increases their desired level of fertility. In this context, economic inequality is not only decisive for human capital investments and the emergence of differential fertility, but also for agents'...
Persistent link: https://www.econbiz.de/10010489896
We revisit the seminal paper on endogenous fertility by Barro and Becker (1989) taking into account households' heterogeneity in terms of capital endowments, mortality differential and cost per surviving child. Focusing on an endogenous growth version, we show at first that there exists a unique...
Persistent link: https://www.econbiz.de/10008793875
Environmental pollution adversely affects children’s probability to survive to adulthood, reduces thus parental expenditures on child quality and increases the number of births necessary to achieve a desired family size. We argue that this mechanism will be intensified by economic inequality...
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Wealth creation driven by R&D investment and wealth dilution caused by disconnected generations interact with households' fertility decisions, delivering a theory of sustained endogenous output growth with a constant endogenous population level in the long run. Unlike traditional theories, our...
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