Microeconomic Foundations of the Demographic Dividend
The potential economic returns to the demographic transition are high. As countries move from a steady state with high mortality and high fertility to an equilibrium with low mortality and fewer children, lower dependency ratios, higher investment in human and physical capital as well as increased female labor force participation contribute to economic growth. In this paper, we analyze the demographic transition at the household level, investigating the distributional patterns of the economic and welfare benefits associated with the demographic transition across socioeconomic groups within countries and over time. We find large differences in the effects of the demographic transition across socioeconomic status (SES) groups in the early stages of the demographic transition, but also substantial behavioral change across all groups during phases of rapid fertility decline, so that the long-run effects of the demographic transition on inequality remain ambiguous.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gary S. Becker & Kevin M. Murphy & Robert F. Tamura, 1990.
"Human Capital, Fertility, and Economic Growth,"
NBER Working Papers
3414, National Bureau of Economic Research, Inc.
- Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 323-350 National Bureau of Economic Research, Inc.
- Becker, Gary S & Murphy, Kevin M & Tamura, Robert, 1990. "Human Capital, Fertility, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S12-37, October.
- Gary S. Becker & Kevin M. Murphy & Robert Tamura, . "Human Capital, Fertility, and Economic Growth," University of Chicago - Population Research Center 90-5a, Chicago - Population Research Center.
- Luis Angeles, 2008.
"Demographic Transitions: analyzing the effects of mortality on fertility,"
2008_25, Business School - Economics, University of Glasgow.
- Luis Angeles, 2010. "Demographic transitions: analyzing the effects of mortality on fertility," Journal of Population Economics, Springer, vol. 23(1), pages 99-120, January.
- Angeles, Luis, 2008. "Demographic Transitions: analyzing the effects of mortality on fertility," SIRE Discussion Papers 2008-33, Scottish Institute for Research in Economics (SIRE).
- David E. Bloom & David Canning & Bryan Graham, 2003.
"Longevity and Life-cycle Savings,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 105(3), pages 319-338, 09.
- Oded Galor, 2006. "Human Capital, Fertility and Growth," Working Papers 2006-22, Brown University, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:gdm:wpaper:9312. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Günther Fink)
If references are entirely missing, you can add them using this form.