Malthus’ (1798) population hypothesis is inconsistent with the demographic transition and the concurrent massive expansion of incomes observed among industrialised countries. This study shows that eliminating the income-effect on the demand for children from the Malthusian model makes it harmonise well with industrial development.
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Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number
07-03.
Length: 5 pages Date of creation: Jan 2007 Date of revision: Handle: RePEc:kud:kuiedp:0703
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