Arbeitspapier
Fertility versus productivity: A model of growth with evolutionary equilibria
We develop a quantitative model that is consistent with three principal building blocks of Unified Growth Theory: the break-out from economic stagnation, the buildup to the Industrial Revolution, and the onset of the fertility transition. Our analysis suggests that (i) the escape from the Malthusian trap was triggered by the demographic catastrophes in the aftermath of the Black Death, (ii), household investment in children ultimately raised wages despite an increasing population, and (iii) rising human capital, combined with the increasing elasticity of substitution between child quantity and quality, reduced target family size and contributed to the fertility transition.
- Sprache
-
Englisch
- Erschienen in
-
Series: Cardiff Economics Working Papers ; No. E2020/13
Klassifikation
Wirtschaft
Macroeconomic Analyses of Economic Development
Demographic Trends, Macroeconomic Effects, and Forecasts
Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: Pre-1913
Macroeconomic Analyses of Economic Development
Demographic Trends, Macroeconomic Effects, and Forecasts
Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: Pre-1913
Thema
Fertility Transition
Industrial Revolution
English Economy
Economic Development
Industrial Revolution
English Economy
Economic Development
Ereignis
Geistige Schöpfung
(wer)
Foreman-Peck, James S.
Zhou, Peng
Zhou, Peng
Ereignis
Veröffentlichung
(wer)
Cardiff University, Cardiff Business School
(wo)
Cardiff
(wann)
2020
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Foreman-Peck, James S.
- Zhou, Peng
- Cardiff University, Cardiff Business School
Entstanden
- 2020
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