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Capital Accumulation, Inertia of Consumption and Norms of Reproduction

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  • Bonneuil, Noel

Abstract

A model of capital accumulation is built in relation with fertility and consumption. Avoiding to impose a direct analytical relationship between these three variables, the author studies the set of possible evolutions under the constraints imposed by the inertia of habit change. The conflict between the necessity to avoid impoverishment, the desire to increase consumption when possible and the reproduction intensity delineate the set of viable solutions and the set of attitudes leading to capital extinction. This qualitative view of change of behaviors provides an alternative explanation to historical fertility fluctuations outside the usual Easterlin framework.

Suggested Citation

  • Bonneuil, Noel, 1994. "Capital Accumulation, Inertia of Consumption and Norms of Reproduction," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(1), pages 49-62.
    • Handle: RePEc:spr:jopoec:v:7:y:1994:i:1:p:49-62
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    Citations

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    Cited by:

    1. Sesmero, Juan P. & Fulginiti, Lilyan E., 2008. "Conservation Needs Assessment: Sustainability with Substitution and Biased Technical Change," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6486, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Bonneuil, Noel & Saint-Pierre, Patrick, 2008. "Beyond optimality: Managing children, assets, and consumption over the life cycle," Journal of Mathematical Economics, Elsevier, vol. 44(3-4), pages 227-241, February.
    3. Bonneuil Noël, 2013. "Viability Theory in Population Economics," Mathematical Economics Letters, De Gruyter, vol. 1(1), pages 17-24, October.
    4. Noël Bonneuil* & Romina Boarini, 2004. "Preserving Transfer Benefit For Present And Future Generations," Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 181-203.
    5. Bonneuil, Noël, 2010. "Diversity of preferences in an unpredictable environment," Journal of Mathematical Economics, Elsevier, vol. 46(6), pages 965-976, November.
    6. Noël Bonneuil & Raouf Boucekkine, 2014. "Viable Ramsey economies," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 47(2), pages 422-441, May.
    7. Courgeau, Daniel, 2007. "Multilevel synthesis. From the group to the individual," MPRA Paper 43189, University Library of Munich, Germany.
    8. BONNEUIL, Noël & BOUCEKKINE, Raouf, 2009. "Sustainability, optimality, and viability in the Ramsey model," LIDAM Discussion Papers CORE 2009074, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Martinet, V. & Doyen, L., 2007. "Sustainability of an economy with an exhaustible resource: A viable control approach," Resource and Energy Economics, Elsevier, vol. 29(1), pages 17-39, January.
    10. Bonneuil, Noël, 2010. "Family regulation as a moving target in the demographic transition," Mathematical Social Sciences, Elsevier, vol. 59(2), pages 239-248, March.
    11. V.Martinet & L. Doyen, 2003. "Sustainable management of an exhaustible resource:a viable control model," THEMA Working Papers 2003-36, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    12. Bene, C. & Doyen, L. & Gabay, D., 2001. "A viability analysis for a bio-economic model," Ecological Economics, Elsevier, vol. 36(3), pages 385-396, March.

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