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Since the seminal work of Becker, the dynamics of endogenous fertility has been based on the trade-off faced by parents … upstream, so as to keep fertility endogenous. We do that by adding a negative "sibship size effect" on human capital formation …, the possibility of a jump from a state with high fertility and low income to a state with low fertility and high income …
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The 20th century witnessed the birth of modern family planning and its effects on the fertility of hundreds of millions …’s economy and society in ways that extend well beyond its fertility rate. …
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