The Baby Boom and Baby Bust
Abstract:What caused the baby boom? And can it be explained within the context of the secular decline in fertility that has occurred over the last 200 years? The hypothesis is that:
(a) The secular decline in fertility 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.
Document Type: Research Article
Publication date: March 1, 2005
More about this publication?
- The American Economic Review is a general-interest economics journal. The journal is published quarterly and contains articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession.
- Editorial Board
- Information for Authors
- Subscribe to this Title
- Membership Information
- Terms & Conditions
- e-Publications for AEA Members
- Ingenta Connect is not responsible for the content or availability of external websites