Malthus Revisited: Fertility Decision Making Based on Quasi-Linear Preferences
6 Pages Posted: 3 Oct 2007
Malthus' (1798) population hypothesis is inconsistent with the demographic transition and the concurrent massive expansion of incomes observed among industrialised countries. This study shows that eliminating the income-effect on the demand for children from the Malthusian model makes it harmonise well with industrial development.
Keywords: Demographic Transition, Fertility, Malthus
JEL Classification: J13, N30, O10
Suggested Citation: Suggested Citation