Date, Yusuke; Shimizutani, Satoshi - In: Japanese Economy 34 (2007) 1, pp. 4-45
pJapan's total fertility rate declined to 1.29 in 2003, the lowest in its modern era. Such a drastic decline in fertility rate is extremely unusual. The decreased birthrate creates an unbalanced demographic composition between the productive and dependent populations. This development may result...