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Babies and the Macroeconomy
Abstract of a paper [PDF] published on National Bureau of Economic Research: Fertility levels have greatly decreased in virtually every nation in the world, but the timing of the decline has differed even among developed countries. In Europe, Asia, and North America, total fertility rates of some na...
In Europe, Asia, and North America, total fertility rates of some nations dipped below the magic replacement figure of 2.1 as early as the 1970s. Countries with "lowest low" fertility rates today experienced rapid growth in GNP per capita after a long period of stagnation or decline. Thus, swift economic change may lead to both generational and gendered conflicts that result in a rapid decrease in the total fertility rate.
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