Posts Tagged ‘normal goods’

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    Children and Wealth

    Jul 24, 11 • 282 Views • No Comments

    More wealth seems to mean fewer children. Look at a graph of fertility in the U.S from 1800-1990. The birth line plunges. Consider India, China, South Korea, Singapore. As per capita GDP rises, births plummet. See this gapminder graph for rich countries and...  [read more]