Black, Dan; Kolesnikova, Natalia; Sanders, Seth G.; … - Federal Reserve Bank of St. Louis - 2009
In his classic work on the economics of fertility, Becker (1960) suggests that children are likely “normal.” We examine …, or in rural areas), completed fertility is positively correlated with the husband’s income. Two alternative models … exercise to analyze the localized impact on fertility of the mid-1970s increase in world energy prices—an exogenous shock that …