A Basic Model of Take-Off and Fertility Choices in the Economic Development Process

Edgardo Bucciarelli () and Gianfranco Giulioni ()
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Edgardo Bucciarelli: University of Chieti-Pescara, Department of Quantitative Methods and Economic Theory

Rivista di Politica Economica, 2011, issue 2, 125-148

Abstract: We present a simple model in which the transition from Malthusian stagnation to modern growth can occur. Agents are endowed with full control over their fertility but, differently from other studies, the degree of agents’ altruism which mainly affects fertility choices is allowed to change with the standard of living. We relate agents’ altruism to the marginal utility of consumption. The occurrence of take-off and the balanced growth path of the model are analyzed. Our model also provides for a potential explanation to the J-shaped relationship between natality rates and standard of living found by recent empirical studies.

Keywords: malthusian stagnation; modern growth; increasing marginal utility; development process; fertility choices (search for similar items in EconPapers)
JEL-codes: I25 J13 O11 O12 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:y:2011:i:2:p:125-148

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