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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 …
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and the transition to modern growth. -- demographic transition ; gender gap ; human capital ; fertility ; mortality … ; Unified Growth Theory …
Persistent link: https://www.econbiz.de/10009530744
"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...
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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,...
Persistent link: https://www.econbiz.de/10009130124
are interrelated. This paper develops a theory for their interaction with a special emphasis on the different pattern and … geographic locations of high extrinsic mortality. This mechanism is then used to explain why both demographic transition and …
Persistent link: https://www.econbiz.de/10003612619
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and … the role of mortality differences for comparative development. The framework can replicate the quantitative patterns in … endogenous variables across countries. The results suggest that differences in extrinsic mortality might explain a substantial …
Persistent link: https://www.econbiz.de/10010336814
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/10008906860