Abstract
This article analyzes the interaction between growth and fertility via income distribution in a model in which fertility decisions are motivated by old-age support. It provides an explanation of the demographic transition of an economy from a stage of increasing fertility and low growth to a stage of low fertility, high human capital investments, and high growth.
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Morand, O.F. Endogenous Fertility, Income Distribution, and Growth. Journal of Economic Growth 4, 331–349 (1999). https://doi.org/10.1023/A:1009884804855
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DOI: https://doi.org/10.1023/A:1009884804855