Population Growth and Human Capital: A Welfarist Approach

Abstract

In this paper, we investigate the relationship between economic and population growth in an endogenous growth model driven by human capital accumulation Because we allow for endogenous population growth, we adopt the population criterion “Relative Critical Level Utilitarianism”, which allows the critical level utility to depend on parents' well-being. In this scenario, we investigate the equilibrium relationship between economic growth and population growth and we provide the conditions for the economic take-off to occur. A simulation analysis calibrated on developing countries shows that the model has the potential to explain the dynamics of the latter variables experienced by those countries

Optimal taxation in an endogenous growth model with variable population and public expenditure

“…5 See Becker et al (1990) and Renström and Spataro (2015) for endogenous growth models driven by human capital with variable population. In the present work we take a different approach, in that we focus on taxation and the engine of growth is public expenditure.…”

Saving, fertility and public policy in an overlapping generations small open economy

“… See Galor and Weil (1999).3 See alsoRenström and Spataro (2015) in an endogenous growth model with human capi-…”

Population growth: A pure welfarist approach

“…As already mentioned, several authors (i.e., Bouchekkine and Fabbri ; Marsiglio ; Palivos & Yip ; Razin & Yuen ) have analyzed the relationship between social preferences, economic growth, and endogenous fertility in endogenous growth models. An example of endogenous growth model with endogenous population growth and RCLU is contained in Renström and Spataro ().…”