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This paper argues that accounting for the dynamic interactions between endogenous changes in longevity, the education composition of the population, and the associated fertility dierential is crucial for understanding the economic and the demographic transition. In the model, heterogeneous individuals make optimal decisions about fertility, educati...
Contexts in source publication
Context 1
... parameter values are listed and discussed in Appendix B. 60 60 The code for the simulation program is available upon request. The main pattern of development generated by the model is depicted in Figure 6. The model dynamics closely resemble those in the historical data presented before and illustrate the main results presented in section 5. ...
Context 2
... the early phase of the transition, adult longevity increases while child mortality is still high. Under these conditions, the income effect leads to a temporary increase in fertility rates of skilled and unskilled, as seen in Figure 6, which can be sufficiently strong to generate a sizeable temporary increase in gross and net fertility and a hump- shaped relationship between income and fertility. 65 Once child mortality decreases, individuals acquiring either type of education optimally decide to have fewer offspring so that average gross fertility eventually drops. ...
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