Greenwood, Jeremy; Seshadri, Ananth - 2005
Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples … are: (i) the secular decline in fertility between 1800 and 1980, (ii) the decline in agricultural employment and the rise …-force participation from 1900 to 1980, (v) the baby boom from 1936 to 1972. Growth theory models are presented to address all of these …