Abstract
We present a simple model in which the transition from Malthusian stagnation to modern growth can occur. Agents are endowed with full control over their fertility but, dfferently from other studies, the degree ofagents’ altruism which mainly affects fertility choices is allowed to change with the standard of living. We relate agents’ altruism to the marginal utility of consumption. The occurrence of take-off and the balanced growth path of the model are analyzed. Our model also provides for a potential explanation to the J-shaped relationship between natality rates and standard of living found by recent empirical studies.
<e. Bucciarelli@unich. it>; <yaningggiulioni@unich. it>.
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Bucciarelli, E., Giulioni, G. (2012). A Basic Model of Take-Off and Fertility Choices in the Economic Development Process. In: Chiarini, B., Malanima, P. (eds) From Malthus’ Stagnation to Sustained Growth. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230392496_7
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DOI: https://doi.org/10.1057/9780230392496_7
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