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Growth and Childbearing in the Short- and Long-Run
Chatterjee, Shoumitro - 2016
Despite being key to theories of economic growth and the demographic transition, evidence on how fertility responds to … aggregate income change is mixed. We analyze economic growth and fertility change in the developing world over six decades …, using data on 2.3 million women from 255 surveys in 81 countries. We find that fertility responds differently to …
Persistent link: https://www.econbiz.de/10012455680
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Deflation and the International Great Depression : A Productivity Puzzle
Cole, Harold L. - 2005
This paper develops the first dynamic, stochastic, general equilibrium analysis of the International Great Depression. We construct a new version of Lucas?s (1972) monetary misperceptions model, with a real shock (productivity) and a nominal shock (money supply). We use the model with a newly...
Persistent link: https://www.econbiz.de/10012467448
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When Credit Bites Back : Leverage, Business Cycles, and Crises
Jordà, Òscar - 2011
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study of the universe of over 200 recession episodes in 14 advanced countries between 1870 and 2008, we document two key facts of the modern business cycle: financial-crisis...
Persistent link: https://www.econbiz.de/10012461036
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The Puzzle of Falling US Birth Rates Since the Great Recession
Kearney, Melissa Schettini; Levine, Phillip B.; Pardue, … - National Bureau of Economic Research - 2021
This paper documents a set of facts about the dramatic decline in birth rates in the United States between 2007 and 2020 and explores possible explanations. The overall reduction in the birth rate reflects declines across many groups of women, including women who differ by race and ethnicity,...
Persistent link: https://www.econbiz.de/10012629506
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Will the Stork Return to Europe and Japan? Understanding Fertility Within Developed Nations
Sacerdote, Bruce - 2008
Only a few rich nations are currently at replacement levels of fertility and many are considerably below. We believe … that changes in the status of women are driving fertility change. At low levels of female status, women specialize in … household production and fertility is high. In an intermediate phase, women have increasing opportunities to earn a living …
Persistent link: https://www.econbiz.de/10012464531
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From Great Depression to Great Credit Crisis : Similarities, Differences and Lessons
Almunia, Miguel - 2009
The Great Depression of the 1930s and the Great Credit Crisis of the 2000s had similar causes but elicited strikingly different policy responses. It may still be too early to assess the effectiveness of current policy responses, but it is possible to analyze monetary and fiscal policies in the...
Persistent link: https://www.econbiz.de/10012463125
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The Global 1970s and the Echo of the Great Depression
Taylor, Alan M. - 2009
The Great Depression ushered in a long era of deglobalization that lasted for many decades. An old conventional wisdom (e.g. Polanyi) argues that the common aspect of this shock across all countries, a deep depression, can explain the large and persistent global shift away from orthodox liberal...
Persistent link: https://www.econbiz.de/10012463174
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Causes of the Great Recession of 2007-9 : The Financial Crisis is the Symptom not the Disease!
Jagannathan, Ravi - 2009
Globalization has made it possible for labor in developing countries to augment labor in the developed world, without having to relocate, in ways not thought possible only a few decades ago. We argue that this large increase in the developed world's effective labor supply, triggered by...
Persistent link: https://www.econbiz.de/10012463245
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Climate Change and Economic Growth : Evidence from the Last Half Century
Dell, Melissa - 2008
This paper uses annual variation in temperature and precipitation over the past 50 years to examine the impact of climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures substantially reduce economic growth in poor countries but have...
Persistent link: https://www.econbiz.de/10012464514
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The Welfare of Children During the Great Depression
Fishback, Price V. - 2002
-infant mortality, and fertility. For 111 cities for which data on relief spending during the 1930s were available, we collected annual …s. Relief spending also raised general fertility rates. Our estimates suggest that the cost of saving an infant life …
Persistent link: https://www.econbiz.de/10012469812