Product variety and the demand for children
Jacob Weisdorf and
Ricardo Guzmán ()
MPRA Paper from University Library of Munich, Germany
Why does the rate of population growth decline in the face of economic growth? This study shows that growing product variety, along with more expensive children, 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)
JEL-codes: J13 O10 N30 (search for similar items in EconPapers)
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https://mpra.ub.uni-muenchen.de/19079/1/MPRA_paper_19079.pdf revised version (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14228
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