Arbeitspapier
Human capital, mortality and fertility: a unified theory of the economic and demographic transition
This paper argues that accounting for the dynamic interactions between endogenous changes in longevity, the education composition of the population, and the associated fertility differential is crucial for understanding the economic and the demographic transition. In the model, heterogeneous individuals make optimal decisions about fertility, education of their children and type and intensity of investments in their own education. The interplay between different dimensions of mortality, and education and fertility decisions delivers a phase transition that replicates stylized facts that previously have been difficult to reconcile. Simulations illustrate the model dynamics and their consistency with historical and cross-country data.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 2905
- Classification
-
Wirtschaft
- Subject
-
Sterblichkeit
Kindersterblichkeit
Fruchtbarkeit
Ungelernte Arbeitskräfte
Kapitalmangel
Demographischer Übergang
Bildungsinvestition
Wirtschaftswachstum
Lebensqualität
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Cervellati, Matteo
Sunde, Uwe
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Cervellati, Matteo
- Sunde, Uwe
- Institute for the Study of Labor (IZA)
Time of origin
- 2007
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