We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor-force participation decisions. We use the model to assess the...

We argue that one major cause of the U.S. postwar baby boom was the increased demandfor female labor during World War II. We develop a quantitative dynamic general equilibriummodel with endogenous fertility and female labor-force participation decisions...