Product variety and the demographic transition

Date

2010

Type:

Article

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Abstract

Why does the rate of population growth decline in the face of economic growth? We show that growing product variety may induce a permanent reduction in the demand for children and a continuous rise in income and consumption.

Description

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Citation

Economics Letters 107 (2010) 74–76

Keywords

Demographic transition, Demand for children, Product variety, Malthus

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