Greenwood, Jeremy; Seshadri, Ananth; Vandenbroucke, … - Economie d'Avant Garde - 2002
What caused the baby boom? And, can it be explained within the context of the secular decline in fertility that has … real wages that increased the opportunity cost of having children. 2. The baby boom is explained by an atypical burst of … children. A model is developed in an attempt to account, quantitatively, for both the baby boom and bust. …