Discussion Paper Details

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Title: The Demographic Transition: Causes and Consequences

Author(s): Oded Galor

Publication Date: February 2011

Keyword(s): Demographic transition, Fertility, Gender Gap, Human capital, Mortality and Unified Growth Theory

Programme Area(s): International Macroeconomics

Abstract: This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding of the transition from stagnation to growth. The analysis suggests that the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility and the transition to modern growth

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Bibliographic Reference

Galor, O. 2011. 'The Demographic Transition: Causes and Consequences'. London, Centre for Economic Policy Research.