The economic foundations of demographic transition
AbstractThe paper develops a general equilibrium model where population sources, such as fertility and mortality rates, are chosen variables. It is shown that the evolution of population over time depends on income and relative prices of mortality and fertility rates. Initially as a country develops, countries should face a period with increasing fertility and higher population growth rates but later fertility and population growth rate should decrease as their relative prices increase. It is also shown that multiple equilibria may arise. An equilibrium with low levels of asset will have lower per capita income, but larger fertility, mortality and population growth rates.
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Bibliographic InfoPaper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2002 with number 40.
Date of creation: 29 Aug 2002
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Other versions of this item:
- Rodrigo Cerda, 2002. "The Economic Foundations of Demographic Transition," Documentos de Trabajo 208, Instituto de Economia. Pontificia Universidad Católica de Chile..
- H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
- J10 - Labor and Demographic Economics - - Demographic Economics - - - General
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-07-08 (All new papers)
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