Fertility rates have fallen below replacement levels in many economies. We examine the relationship between female … incomes and fertility for college graduates in the United States. Female income is likely endogenous to fertility, and … procedure to estimate two-sided bounds for the effect of female income on fertility. The effect of female income on fertility is …

propose an econometric model that accounts for the endogeneity of labor market and fertility decisions, for the heterogeneity … of the effects of children and their correlation with the fertility decisions, and for the correlation of sequential … ; education ; endogenous fertility decisions ; heterogeneous children effects ; multinomial probit model ; Gibbs sampler …