. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

through unemployment insurance (UI). We introduce a novel empirical test of standard neoclassical models of fertility that … the interaction of the aggregate unemployment rate with a measure of potential income replacement from UI. Our results … show that as UI benefit generosity reaches 100 percent income replacement, there is no effect of the unemployment rate on …