Sweden is the forerunner of the Second Demographic Transition. Fertility trends have fluctuated greatly since the 1960s, and the 1990s showed both European-highest and lowest-ever-in-Sweden levels, while the cohort pattern has been relatively stable. Period fluctuations have been accompanied by...

This paper is based on my contribution to a debate, organized by MPIDR, on the question displayed in the title above. I was asked to present arguments for the "yes"-response (together with Laurent Toulemon, and arguing against the "no"-side represented by Gerda Neyer and Dimiter Philipov). As...