Jorgensen, Ole Hagen2012-03-192012-03-192010-05-01https://hdl.handle.net/10986/3790This paper develops a link between four central components of the demographic transition: survival rates; fertility decisions; altruistic intergenerational transfers from workers toward their parents; and economic growth. An increase in child survival is found to reduce the fertility rate and altruistic transfers, and thereby increase the savings rate and the productivity growth rate. The analysis illustrates the key role of child health in the demographic transition.CC BY 3.0 IGOACCESS TO CREDITACCESS TO FAMILY PLANNINGADULT HEALTHAGINGBUDGET CONSTRAINTSCAPITAL ACCUMULATIONCAPITAL FORMATIONCAPITAL INVESTMENTSCAPITAL MARKETCAPITAL MARKETSCAPITAL SAVINGSCAPITAL STOCKCAPITAL STOCKSCHILD HEALTHCHILD REARINGCHILD SURVIVALCOLLEGE EDUCATIONCONSTANT RETURNS TO SCALECONSUMPTION INCREASESCREDITSDEBTDECLINE IN FERTILITYDECLINES IN MORTALITYDEMOGRAPHICDEMOGRAPHIC CHANGEDEMOGRAPHIC FACTORSDEMOGRAPHIC TRANSITIONDEPENDENCY RATIOSDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPING ECONOMIESDEVELOPMENT CAPITALDEVELOPMENT ECONOMICSDISCOUNT RATEDIVIDENDECONOMIC CONSEQUENCES OF POPULATIONECONOMIC DECISIONSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC IMPLICATIONSECONOMIC OUTCOMESECONOMIC POLICYECONOMIC THEORYEQUALITYEXPENDITUREEXTERNALITYFAMILIESFAMILY PLANFERTILITYFERTILITY DECLINEFERTILITY RATEFERTILITY RATESFEWER BIRTHSFEWER CHILDRENFORMAL ANALYSISFUTURE RESEARCHGENDERGENDER GAPGROWTH MODELSGROWTH RATEGROWTH THEORYHEALTH INTERVENTIONSHEALTH SECTORHIGH CHILD MORTALITYHIGH INTEREST RATEHOUSEHOLDSHUMAN CAPITALIMPACT OF POPULATIONIMPACT ON FERTILITYIMPROVEMENTS IN CHILD SURVIVALINCENTIVE EFFECTSINCREASING RETURNSINSURANCEINTEREST RATEINTERNATIONAL BANKISOLATIONLABOR FORCELABOR MARKETLABOR SUPPLYLABOUR SUPPLYLDCSLESS DEVELOPED COUNTRIESLESS DEVELOPED ECONOMIESLIFE EXPECTANCYLIVING CONDITIONSLONGER LIFELONGER LIVESLOW FERTILITYLOWER FERTILITYMARGINAL UTILITYMARGINAL VALUEMICROFINANCEMORTALITYNUMBER OF CHILDRENNUMBER OF WORKERSOLD AGEOLD-AGEOPPORTUNITY COSTOPTIMIZATIONOUTPUTOUTPUT PER CAPITAOVERLAPPING GENERATIONS MODELPENSIONPENSION CONTRIBUTIONPENSION CONTRIBUTIONSPENSION SYSTEMPENSIONSPER CAPITA INCOMEPHYSICAL CAPITALPOLICY RESEARCHPOLICY RESEARCH WORKING PAPERPOLITICAL ECONOMYPOPULATION AND DEVELOPMENTPOPULATION CHANGEPOPULATION DYNAMICSPOPULATION MATTERSPOPULATION POLICIESPOSITIVE EFFECTSPRIVATE INVESTMENTSPRODUCTION FUNCTIONPRODUCTION STRUCTUREPRODUCTIVITYPRODUCTIVITY GROWTHPROGRESSPUBLIC HEALTHPUBLIC PENSIONSPUBLIC POLICYRESOURCE ALLOCATIONRETIREMENT AGERURAL AREASSAVINGSSAVINGS MECHANISMSAVINGS MECHANISMSSAVINGS MOTIVESAVINGS RATESECURITY ARRANGEMENTSECURITY ARRANGEMENTSSIBLINGSSOCIAL SECURITYSURVIVAL OF CHILDRENSURVIVAL RATETAXTAXATIONUTILITY FUNCTIONWAGESWEALTHWORK EXPERIENCEWorld Bank10.1596/1813-9450-5304