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In [[demography]], '''demographic transition''' is a phenomenon and theory in the [[Social science|social sciences]] referring to the historical shift from high [[birth rate]]s and high [[
However, the existence of some kind of demographic transition is widely accepted because of the well-established historical [[Correlation and dependence|correlation]] linking dropping [[fertility]] to social and economic development.<ref name="Nature">{{cite journal |doi=10.1038/nature08230 |pmid=19661915 |title=Advances in development reverse fertility declines |journal=Nature |volume=460 |issue=7256 |pages=741–3 |year=2009 |last1=Myrskylä |first1=Mikko |last2=Kohler |first2=Hans-Peter |last3=Billari |first3=Francesco C. |bibcode=2009Natur.460..741M|s2cid=4381880 }}</ref> Scholars debate whether [[Industrialisation|industrialization]] and higher incomes lead to lower population or whether lower populations lead to industrialization and higher incomes. Scholars also debate to what extent various proposed and sometimes interrelated factors such as higher [[per capita]] income, lower [[Mortality rate|mortality]], old-age security, and rise of demand for [[human capital]] are involved.<ref name=":3">{{cite journal|last1=Galor|first1=Oded|title=The demographic transition: causes and consequences|journal=Cliometrica|date=17 February 2011|volume=6|issue=1|pages=1–28|doi=10.1007/s11698-011-0062-7|pmid=25089157|pmc=4116081}}</ref> Human capital gradually increased in the second stage of the industrial revolution, which coincided with the demographic transition. The increasing role of human capital in the production process led to the investment of human capital in children by families, which may be the beginning of the demographic transition.<ref name="jstor.org">{{cite journal | last1 = Galor | first1 = Oded | author-link = Oded Galor | year = 2005 | title = The Demographic Transition and the Emergence of Sustained Economic Growth |journal = Journal of the European Economic Association | volume = 3 | issue = 2–3| pages = 494–504 | doi=10.1162/jeea.2005.3.2-3.494| hdl = 10419/80187 | url = https://www.econstor.eu/bitstream/10419/80187/1/481895825.pdf }}</ref>
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