Albanesi, Stefania; Olivetti, Claudia - C.E.P.R. Discussion Papers - 2010
Abstract U.S. fertility rose from a low of 2.27 children for women born in 1908 to a peak of 3.21 children for women … born in 1932. It dropped to a new low of 1.74 children for women born in 1949, before stabilizing for subsequent cohorts … with a theory of fertility featuring a trade-off between the quality and quantity of children. The analysis provides new …