Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45996
Authors: 
Lehmijoki, Ulla
Palokangas, Tapio
Year of Publication: 
2011
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5422
Abstract: 
Since World War II, mortality has declined in the developing world. This paper examines the effects of this mortality decline on demographic and economic growth by a family-optimization model, in which fertility is endogenous and wealth yields utility through its status. The decline in mortality stimulates investment and generates an income stream which promotes population growth, but the desire of status hampers fertility and prevents capital-diluting demographic expansion. If status-seeking is strong, then the decline of mortality decreases population growth below its original level.
Subjects: 
mortality
population growth
economic growth
JEL: 
O41
J13
J10
O10
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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