Malthus Prediction As Average Income Decreases Population Grow Slower Summary

Question Description

1. Article by Theodore C. Bergstrom “A Fresh Look at the Rotten Kid Theorem–and Other Household Mysteries” Journal of Political Economy, Vol. 97, No. 5 (Oct., 1989), pp. 1138-1159.

2. Article by Gary Becker “Fertility and the economy” Journal of Population Economics, 1992,5, 185-201.

1. Article by Theodore C. Bergstrom “A Fresh Look at the Rotten Kid Theorem–and Other Household Mysteries” Journal of Political Economy, Vol. 97, No. 5 (Oct., 1989), pp. 1138-1159.

a. What is Becker’s ‘rotten kid theorem?

b. Summarize the main arguments provided by Bergstrom about Becker’s assertion.

c. Is Bergstrom’s insight convincing? Justify your reasons.

2. Article by Gary Becker “Fertility and the economy” Journal of Population Economics, 1992,5, 185-2014 1 ܢ)

a. Summarize the main arguments in this paper. How does Becker relate fertility relate to macroeconomics?

b. According to Becker, how does modern approach to fertility lead to different insights to fertility and economic growth?”

c. How do you compare the two school of thought in a and b) and which is more convincing? Justify your reasons.

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