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Kazuhiro Yamamoto and Ken Tabata
''Sectorial sift, inverted U-shaped fertility dynamics, and growth''
( 2006, Vol. 10 No.5 )
This paper constructs a small open two-sector overlapping-generations model with the subsistence level of consumption of agricultural goods and explains the following key stylized facts in the process of economic development: increases followed by declines in fertility rate, increases in human capital investment for children, and a sectorial shift in labor from agriculture to manufacture.
Keywords: Demographic transition Sectorial sift Economic development
JEL: J1 - Demographic Economics: General
O1 - Economic Development: General
Manuscript Received : Jul 14 2006 Manuscript Accepted : Jul 14 2006

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