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Malthus revisited: Fertility decision making based on quasi-linear preferences

Jacob Weisdorf

Economics Letters, 2008, vol. 99, issue 1, 127-130

Abstract: Malthus' (1798) population hypothesis is inconsistent with the demographic transitions and the massive income expansion observed among industrialised countries. The current study shows that eliminating the income-effect on the demand for children from Malthus' theory makes consistent with industrial development.

Date: 2008
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