It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its … negative effect on labor supply. There are, however, theoretical arguments suggesting that the effect of falling fertility on … consumer optimization model that incorporates endogenous fertility as well as endogenous education and health investments. The …

back into the evolution of average fertility across generations. Theory predicts that changes in the relationship between …Fertility change is distinct from other forms of social and economic change because it directly alters the size and … composition of the next generation. This paper studies how changes in population composition over the fertility transition feed …

back into the evolution of average fertility across generations. Theory predicts that changes in the relationship between …Fertility change is distinct from other forms of social and economic change because it directly alters the size and … composition of the next generation. This paper studies how changes in population composition over the fertility transition feed …