Leisure goods, education attainment and fertility choice

Ragchassuren Galindev

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

This paper proposes a novel mechanism for the fertility decline that occurred across the world since the late nineteenth century. It suggests that the rise in the cost of children relative to leisure goods in the process of development contributed to the decline in fertility. The paper develops a unified growth model in which children are substitutes for leisure goods in the parental utility function. The theory suggests that the rise in income, the decline in the relative price of leisure goods and the increase in educational attainment in the process of development speed up the demographic transition from high to low fertility and contributed to the transition from stagnation to growth.
Original languageEnglish
Pages (from-to)157-181
Number of pages25
JournalJournal of Economic Growth
Volume16
Issue number2
DOIs
Publication statusPublished - Jun 2011

ASJC Scopus subject areas

  • Economics and Econometrics

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