THE FERTILITY DECLINE IN THE UNITED STATES: SCHOOLING AND INCOME

Casper Hansen, Peter Jensen and Lars Lønstrup

Macroeconomic Dynamics, 2018, vol. 22, issue 6, 1584-1612

Abstract: This study investigates the determinants of the fertility transition in the United States from 1850 to the end of the 20th century. We find a robust negative relation between years of schooling and fertility. The magnitude of our baseline estimate suggests that the rise in schooling accounts for about 60% of the US fertility decline. In contrast, we find no evidence of a robust relation between income per capita and fertility. This pattern corroborates theories stressing the importance of human capital investments in generating a transition from high to low fertility.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:cup:macdyn:v:22:y:2018:i:06:p:1584-1612_00

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