Abstract
The Industrial Revolution and the Demographic Transition are the two great forces that explain the upward march of modern incomes. This paper sets out the empirical realities attempts to unify these events through theories of human capital investment have to meet. The major difficulty is to form an explanation which connects them which can also reconcile the seeming differences in fertility behavior over time and in cross section in the pre-industrial world, the transition period, and the modern world.
| Original language | English |
|---|---|
| Journal | Journal of the European Economic Association |
| Volume | 3 |
| Issue number | 2/3 |
| Pages (from-to) | 505-515 |
| Number of pages | 11 |
| ISSN | 1542-4766 |
| Publication status | Published - 2005 |
| Externally published | Yes |