The baby boom and baby bust
The baby boom and baby bust
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DOI:
10.1257/0002828053828680
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发表时间:
2005-03-01
影响因子:
10.7
通讯作者:
Vandenbroucke, G
中科院分区:
文献类型:
--
作者:
Greenwood, J;Seshadri, A;Vandenbroucke, G
What caused the baby boom? And can it be explained within the context of the secular decline infertility that has occurred over the last 200 years? The hypothesis is that:(a) The secular decline infertility is due to the relentless rise in real wages that increased the opportunity cost of having children;(b) The baby boom is explained by an atypical burst of technological progress in the household sector that occurred in the middle of the last century. This lowered the cost of having children.A model is developed in an attempt to account, quantitatively, for both the baby boom and bust.