Product variety and the demand for children
AbstractWhy does the rate of population growth decline in the face of economic growth? This study shows that growing product variety, along with more expensive children, induce a permanent reduction in the demand for children, and a continuous rise in income and consumption.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 14228.
Date of creation: Feb 2009
Date of revision:
Demographic transition; demand for children; product variety; Malthus;
Find related papers by JEL classification:
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-03-28 (All new papers)
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