Human Capital, Fertility, and the Industrial Revolution
AbstractThe Industrial Revolution and the Demographic Transition are the two great forces that explain the upward march of modern incomes. This paper sets out the empirical realities attempts to unify these events through theories of human capital investment have to meet. The major difficulty is to form an explanation which connects them which can also reconcile the seeming differences in fertility behavior over time and in cross section in the pre-industrial world, the transition period, and the modern world. (JEL: J1, N3, O4) Copyright (c) 2005 The European Economic Association.
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Bibliographic InfoArticle provided by MIT Press in its journal Journal of the European Economic Association.
Volume (Year): 3 (2005)
Issue (Month): 2-3 (04/05)
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- J1 - Labor and Demographic Economics - - Demographic Economics
- N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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