人口结构转变过程中生育率与经济增长的关系

In recent decades, several East Asian economies have been going through the demographic transition at rapid paces. With total fertility rates well below replacement ratio, it is no surprise that childless families have begun to emerge on a large scale. This poses new challenges not only to public policymaking but also to the theoretical literature on quality-quantity tradeoff of children. When there are no children, the vehicle for human capital investment may simply disappear. This paper tries to shed some light on the issue above by drawing on some prelimenary statistics.