search query: @indexterm Economic growth / total: 1784
reference: 140 / 1784
| Author: | Kalemli-Ozcan, S. |
| Title: | Does the mortality decline promote economic growth? |
| Journal: | Journal of Economic Growth
2002 : DEC, VOL. 7:4, p. 411-439 |
| Index terms: | Economic growth Population change Mortality rate |
| Language: | eng |
| Abstract: | The author analyzes the effects of declining mortality rates on fertility, education and economic growth. He demonstrates that if indivuduals are prudent in the face of uncertainty about child survival, a decline in an exogenous mortality rate reduces precautionary demand for children and increases parental investment in each child. Once mortality is endogenized, population growth rises as income per capita rises leading to a Malthusian steady-state equilibrium, whereas a high levels of income population growth declines leading to a sustained growth steady-state equilibrium. |
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