The dynamics of fertility and growth: a baby bounce-back?
This paper examines the interplay between economic growth and fertility as an economy moves through two distinct phases: women raising children full time; women entering the work force and raising children part time. Women's relative wages rise with economic growth, as per Galor and Weil (96). Higher wages make children more affordable. On the other hand, children are more costly when maternal time, used in child rearing, could be supplied to the labor market. I extend Galor and Weil (96)...[Show more]
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