Human Capital, Fertility, and the Industrial Revolution
梳理工业革命与人口转型的实证事实，指出人力资本投资理论在解释生育率长期和截面差异时面临的困难，为理解现代收入增长提供统一框架。
The Industrial Revolution and the Demographic Transition are the two great forces that explain the upward march of modern incomes. This paper sets out the empirical realities attempts to unify these events through theories of human capital investment have to meet. The major difficulty is to form an explanation which connects them which can also reconcile the seeming differences in fertility behavior over time and in cross section in the pre-industrial world, the transition period, and the modern world.