Product Variety and the Demographic Transition
6 Pages Posted: 11 Dec 2009 Last revised: 2 Feb 2010
Date Written: December 8, 2009
Why does the rate of population growth decline in the face of economic growth? We show that growing product variety may 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
JEL Classification: J13, N30, O10
Suggested Citation: Suggested Citation