This paper develops a dynamic general equilibrium model of fertility, human capital accumulation, child labor and … survival probability leads to falling fertility, eventually to investment into schooling and the demise of child labor. Child … generate a demographic transition. Falling mortality can only explain a relatively small part of the fertility decline. A …

about fertility, education of their children and the type and intensity of the investments in their own education. These … formation, little longevity, high child mortality, large fertility and a sluggish income and productivity growth to a modern … growth regime in which lower net fertility is associated with the acquisition of human capital and improved living standards …