Recent modelling of endogenous growth allows for both endogenous creation of ideas for new technology through R&D and endogenous accumulation of human capital. This paper extends the literature by addressing two counterfactual predictions and reconsidering the need for a policy trade-off where...

Abstract This paper examines the dynamic interplay between economic growth and fertility as a developed economy moves through two distinct phases: women at home and raising children full time; women entering the work force and raising children part time. Women's relative wages rise with economic...