Why the Stork bypasses Japan: Fertility Rebound, Gender Wages and Growth
Fertility and per capita income are positively associated across most high income OECD countries. Low fertility and a gender wage gap persist in Japan. This paper presents a model where endogenous increases in the price of child care and gender equity in the allocation of capital play important roles in the e�ect of per capita income growth and rising female relative wages on fertility. Results indicate that a positive relation between fertility and per capita income is not robust; overall...[Show more]
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