Demographic transition and post-transition population dynamics: a review of micro and macro economic models and interactions
DOI:
https://doi.org/10.20947/S0102-3098a0323Palavras-chave:
Fertility, Demographic transition, Child quality, Extended margin, Intensive margin, Economic growth model, Unified growth theory, Human capital, Technological progressResumo
This literature review contrasts microeconomic fertility models during the demographic transition and post-transitional periods, evaluating their implications for macroeconomic growth models. While microeconomic fertility models stress the trade-off between child quality and quantity during the demographic transition, the extensive and intensive margin fertility model applies to the post-transition period, with implications for childlessness and the postponement of childbearing. The impact of micro decisions on economic growth is better documented during the demographic transition compared to the post-transition period. The post-transition micro models have not yet led to models and evidence of sharp technological progress. At the macro level, low or negative population growth during the post-transition period may stall economic growth due to the population size effect.
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