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The Child is Father of the Man: Implications for the Demographic Transition

  • Omar Licandro
  • David De la Croix

We propose a new theory of the demographic transition based on the evidence that body development during childhood is an important predictor of adult life expectancy. This theory is embodied in an OLG framework where fertility, longevity and education all result from individual decisions. The model displays different regimes, allowing the economy to move slowly from an initial Malthusian regime towards the Modern era. The dynamics reproduces the key features of the demographic transition, including the permanent increase in life expectancy, resulting from improvements in body development, the hump in both population growth and fertility, and a late increase in secondary educational attainments.

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Paper provided by Barcelona Graduate School of Economics in its series Working Papers with number 376.

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Date of creation: Mar 2009
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Handle: RePEc:bge:wpaper:376
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