A Basic Model of Take-Off and Fertility Choices in the Economic Development Process
AbstractWe present a simple model in which the transition from Malthusian stagnation to modern growth can occur. Agents are endowed with full control over their fertility but, differently from other studies, the degree of agents’ altruism which mainly affects fertility choices is allowed to change with the standard of living. We relate agents’ altruism to the marginal utility of consumption. The occurrence of take-off and the balanced growth path of the model are analyzed. Our model also provides for a potential explanation to the J-shaped relationship between natality rates and standard of living found by recent empirical studies.
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Bibliographic InfoArticle provided by SIPI Spa in its journal Rivista di Politica Economica.
Volume (Year): (2011)
Issue (Month): 2 (April-June)
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malthusian stagnation; modern growth; increasing marginal utility; development process; fertility choices;
Find related papers by JEL classification:
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
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