Doepke, Matthias; Hazan, Moshe; Maoz, Yishay - 2011
We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War … II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor … the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent …