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Product variety and the demographic transition

Ricardo Andrés Guzmán and Jacob Weisdorf

Economics Letters, 2010, vol. 107, issue 1, 74-76

Abstract: Why does the rate of population growth decline in the face of economic growth? We show that growing product variety may induce a permanent reduction in the demand for children and a continuous rise in income and consumption.

Keywords: Demographic; transition; Demand; for; children; Product; variety; Malthus (search for similar items in EconPapers)
Date: 2010
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