The Economic Foundations of Demographic Transition

Rodrigo Cerda

No 208, Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile.

Abstract: The paper develops a general equilibrium model where population sources, such as fertility and mortality rates, are chosen variables. It is shown that the evolution of population over time depends on income and relative prices of mortality and fertility rates. Initially as a country develops, countries should face a period with increasing fertility and higher population growth rates but later fertility and population growth rate should decrease as their relative prices increase. It is also shown that multiple equilibria may arise. An equilibrium with low levels of asset will have lower per capita income, but larger fertility, mortality and population growth rates.

JEL-codes: H51 J10 J11 J13 O12 (search for similar items in EconPapers)
Date: 2002
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https://www.economia.uc.cl/docs/doctra/dt-208.pdf (application/pdf)

Related works:
Working Paper: The economic foundations of demographic transition (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ioe:doctra:208

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