Sectorial sift, inverted U-shaped fertility dynamics, and growth

This paper constructs a small open two-sector overlapping-generations model with the subsistence level of consumption of agricultural goods and explains the following key stylized facts in the process of economic development: increases followed by declines in fertility rate, increases in human capital investment for children, and a sectorial shift in labor from agriculture to manufacture.

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Year of publication:	2006-07-14
Authors:	Yamamoto, Kazuhiro ; Tabata, Ken
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 10.2006, 5, p. 1-7
Publisher:	AccessEcon
Keywords:	Demographic transition Sectorial sift Economic development

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Extent:	application/pdf
Type of publication:	Article
Classification:	J1 - Demographic Economics ; O1 - Economic Development
Source:	RePEc - Research Papers in Economics

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