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This study provides a systematic analysis of parity components of the cohort fertility decline in 32 low-fertility … countries in Europe, North America, Australia and East Asia. We decompose the change in cohort fertility in each country among … whether it was different in countries reaching very low completed fertility. The fall in fertility was mostly driven by …
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This paper uses a model with overlapping generations to demonstrate that human capital accumulation can potentially attenuate factor price movements in response to birth rate shocks. Specifically, we show that if education spending per child is inversely related to the size of the generation,...
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