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Family and economic growth: A review

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  • Michael Grimm

Abstract

The interplay between fertility decisions and per capita growth of income by investment decisions in human capital constitutes the key element of growth models based on the microeconomic theory of family behavior. A strategy that raises the fixed cost per child, reduces the cost of education, stimulates the accumulation of human capital, diminishes the opportunity cost of parents to send their children to school, encourages female activity, accelerates economic development and contributes to a reduction of inequality.

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  • Michael Grimm, 2003. "Family and economic growth: A review," Mathematical Population Studies, Taylor & Francis Journals, vol. 10(3), pages 145-173.
    • Handle: RePEc:taf:mpopst:v:10:y:2003:i:3:p:145-173
    DOI: 10.1080/08898480306719
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