Population dynamics, intergenerational mobility, and the process of economic development
Hiroki Aso
Manchester School, 2024, vol. 92, issue 5, 507-538
Abstract:
This study analyzes the interactions between population dynamics with differential fertility the intergenerational mobility and economic development. Population dynamics with differential fertility exerts the following two effects on the economy: (i) the change in the population size of the entire economy influences the mobility through changing in the composition of workers and (ii) the decreasing/increasing transfer per child influences the mobility. A sufficient increase in the population growth increases the population size and leads to a significant decline in the transfers per child; this phenomenon contributes toward the cyclical behavior of mobility and income inequality. On the other hand, when a population growth decreases, the mobility monotonically approaches toward steady state. These results are consistent with some empirical evidence. Hence, this study demonstrates that the population dynamics with differential fertility leads to a difference in transitional dynamics of intergenerational mobility and the process of economic development.
Date: 2024
References: Add references at CitEc
Citations:
Downloads: (external link)
https://doi.org/10.1111/manc.12478
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:manchs:v:92:y:2024:i:5:p:507-538
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1463-6786
Access Statistics for this article
Manchester School is currently edited by Keith Blackburn
More articles in Manchester School from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery (contentdelivery@wiley.com).