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Demographic Transition and Fertility Rebound in Economic Development *
Author(s) -
Ohinata Asako,
Varvarigos Dimitrios
Publication year - 2020
Publication title -
the scandinavian journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.725
H-Index - 64
eISSN - 1467-9442
pISSN - 0347-0520
DOI - 10.1111/sjoe.12391
Subject(s) - fertility , economics , demographic transition , credence , investment (military) , human capital , overlapping generations model , total fertility rate , labour economics , industrialisation , demographic economics , economic growth , population , demography , market economy , family planning , political science , research methodology , statistics , mathematics , sociology , politics , law
Recent evidence on the “fertility rebound” offers credence to the idea that, from the onset of early industrialization to the present day, the dynamics of fertility can be represented by an N‐shaped curve. An overlapping generations model with parental investment in human capital can account for these observed movements in fertility rates during the different stages of demographic change. A demographic transition with declining fertility emerges at the intermediate stage, when parents engage on a child quantity–quality trade‐off. At later stages, however, the process of economic growth generates sufficient resources so that households can rear more children while still providing the desirable amount of education investment per child.