Solution:The concept of inter-generational wealth flow was introduced by John Caldwell, an Australian demographer. This concept is central to his Theory of Fertility Decline, which suggests that fertility patterns are significantly influenced by the direction in which wealth is transferred between generations within a family. According to Caldwell, in traditional societies, wealth typically flows from children to parents, thus encouraging higher fertility.
In contrast, in modern societies, wealth flows from parents to children, which increases the cost of child-rearing and thereby leads to a decline in fertility rates. This theory provides a socio-economic perspective on demographic transition.