Abstract Asia is now, predominantly, a continent of ‘low’ fertility—one the features Second Demographic Transition. Across continent, this feature our population has sprouted concern and anxiety, primarily expressed in macroeconomic terms. Low fertility directly linked to twin challenges aging stagnation/decline. We know, however, that maximizing human capital institutional reform much more eff...

Inspired by the historical English experience, we modify the Beckerian paradigm of fertility by incorporating costly, societal influence on contraception. Heterogeneous, generationallylinked households choose between “traditional” and “modern” contraception. The modern has a higher fixed but lower variable cost of averting childbirths. Initially the rich adopt the modern, which unleashes societ...

This paper presents an analysis of demographic transition based on the endogenous evolution of intergenerational transfers along an economy’s endogenous path of development. Two-period-lived agents belonging to overlapping generations choose optimally their desired levels of consumption and fertility, together with their desired sizes of transfers to both parents and children. Parents are more ...