Product variety and the demand for children

Weisdorf, Jacob and Guzmán, Ricardo Andrés (2009): Product variety and the demand for children.

Abstract

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Demographic transition; demand for children; product variety; Malthus
• Subjects: J - Labor and Demographic Economics > J1 - Demographic Economics > J13 - Fertility ; Family Planning ; Child Care ; Children ; Youth; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General; N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy > N30 - General, International, or Comparative

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