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

Ken Tabata and Kazuhiro Yamamoto ()

Economics Bulletin, 2006, vol. 10, issue 5, pages 1-7

Abstract: 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.

Keywords: Demographic transition; Sectorial sift; Economic development (search for similar items in EconPapers)
JEL-codes: J1 O1 (search for similar items in EconPapers)
Date: 2006-07-14
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