The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...

Over the past twenty years, Mozambique has achieved remarkable progress in promoting macroeconomic growth and stability. Nonetheless, poverty rates remain high and labour market activity is dominated by smallholder farming. We use recent household survey data to dig into these trends and provide...

The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...

This paper leverages harmonized micro-data consisting of 82 million females from 164 household surveys covering 72 unique countries from all income levels to investigate the relationship between childlessness and development. Empirically, childlessness rate, as the extensive margin of fertility,...

This article discusses:(a income distribution between the middle class, the rich and the poor; (b) the incomes of the middle class, the rich and the poor; (c) the relative incomes of some subclasses among the middle class, the rich and the poor, including that of the super rich within the rich...

Beyond natural sterility, there are two main types of childlessness: one driven by poverty and another by the high opportunity cost to child-rearing. We argue that taking childlessness and its causes into account matters for assessing the impact of development policies on fertility. We measure...

2000’s were marked by the return to growth in most of sub-Saharan African countries. However, their GDP per capita levels remain significantly lower than in other developing countries and the effect of growth on poverty is very small. At the same time, sub-Saharan Africa has the fastest...

In this paper, we examine the economic policies that might allow a developing rural economy to escape from the poverty trap characterized by a subsistence level of per capita consumption in the long run. In our model where labour is combined to land available in fixed quantity to produce a...

This paper explores theoretical linkages between poverty traps, economic inequality and delinquency in a perfect competition overlapping generations model characterized by dual legal production sectors and one illegal sector. The model posits an absence of credit for human capital accumulation,...

A mutual link between poverty and environmental degradation is examined in an overlapping generations model with environmental externality, human capital, and credit constraints. Environmental quality affects labor productivity and thus wealth dynamics, whereas wealth distribution determines the...