The total fertility rate is well below its replacement level of 2.1 children in high-income countries. Why do women … choose such low fertility levels? We study how labor market frictions affect the fertility of college-educated women. We …-shift schedules increase the completed fertility of college-educated from 1.52 to 1.88. These reforms enable women to have more …

fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a decline …

fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a …