• 1. Introduction
  • 2. Empirical evidence and the related literature
  • 3. The Model
  • 3.1. Fertility, mortality, and net reproduction
  • 3.2. Preferences and optimization
  • 3.3. Production
  • 3.4. Equilibrium
  • 4. Balanced and Unbalanced Growth in the Long Run
  • 5. Adjustment Dynamics and Calibration
  • 5.1. Calibration
  • 6. Conclusion
  • Appendix
  • References