Vandenbroucke, Guillaume - Economie d'Avant Garde - 2004
explained within the context of the decline in fertility that has occurred over the last 200 years? The hypothesis is that: (i …) The decline in fertility is due to the rise in real wages that increased the opportunity cost of children; and (ii) the … equilibrium model is proposed, with three ingredients: endogenous fertility, investment in land, and migration. The relative …