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Population Dynamics - A New Economic Approach (Hardcover, New)
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Population Dynamics - A New Economic Approach (Hardcover, New)
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Population Dynamics fills the gap between the classical supply-side
population theory of Malthus and the modern demand-side theory of
economic demography. In doing so, author Cyrus Chu investigates
specifically the dynamic macro implications of various static micro
family economic decisions. Holding the characteristic composition
of the macro population to always be an aggregate result of some
corresponding individual micro decision, Chu extends his research
on the fertility-related decisions of families to an analysis of
other economic determinations. Within this framework, Chu studies
the income distribution, attitude composition, job structure, and
aggregate savings and pensions of the population. While in some
cases a micro-macro connection is easily established under regular
behavioral assumptions, in several chapters Chu enlists the
mathematical tool of branching processes to determine the
connection. Offering a wealth of detail, this book provides a
balanced discussion of background motivation, theoretical
characterization, and empirical evidence in an effort to bring
about a renewal in the economic approach to population
dynamics.
This welcome addition to the research and theory of economic
demography will interest professional economists as well as
professors and graduate students of economics.
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