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This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...
Persistent link: https://www.econbiz.de/10010282290
This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...
Persistent link: https://www.econbiz.de/10010284073
the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …. We provide evidence supporting these predictions using data on exogenous mortality reductions in the context of the …
Persistent link: https://www.econbiz.de/10010269079
Since World War II, mortality has declined in the developing world. This paper examines the effects of this mortality … utility through its status. The decline in mortality stimulates investment and generates an income stream which promotes …-seeking is strong, then the decline of mortality decreases population growth below its original level. …
Persistent link: https://www.econbiz.de/10010276154
We examine the long-run relationship between fertility, mortality, and income using panel cointegration techniques and … the available data for the last century. Our main result is that mortality changes and growth of income per capita account … for a major part of the fertility change characterizing the demographic transition. The change of mortality alone, however …
Persistent link: https://www.econbiz.de/10010289008
Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this paper is to survey some crucial implications of changing longevity on...
Persistent link: https://www.econbiz.de/10010288249
dictator must spread the resources of the economy over his reign but faces mortality and political risk. The model shows that … if the time horizon of the dictator decreases, either due to an increase of mortality risk or political risk, the …
Persistent link: https://www.econbiz.de/10010286250
We develop a perpetual youth model to investigate how longevity affects economic growth and welfare. Life expectancy is determined by individuals’ investments in healthcare. We find that improvements in the healthcare technology always increase the steady state growth rate. Although the effect...
Persistent link: https://www.econbiz.de/10011753201
We develop a perpetual youth model to investigate how longevity affects economic growth and welfare. Life expectancy is determined by individuals' investments in healthcare. We find that improvements in the healthcare technology always increase the steady state growth rate. Although the effect...
Persistent link: https://www.econbiz.de/10010316046
In this article, an updated approach to investigate the effects of demographic fac- tors on economic growth is proposed. The initial hypothesis was that these factors significantly affected production proportions, determining development vectors. The predictable shifts in production dynamics are...
Persistent link: https://www.econbiz.de/10013204647