The Baby Boom and World War II: A Macroeconomic Analysis

Yishay Maoz, Moshe Hazan and Matthias Doepke

No 6628, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labour during World War II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labour-force participation decisions. We use the model to assess the long-term implications of a one-time demand shock for female labour, such as the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent increase in female labour supply due to the accumulation of work experience. In contrast, younger women who turn adult after the war face increased labour-market competition, which impels them to exit the labour market and start having children earlier. In our calibrated model, this general-equilibrium effect generates a substantial baby boom followed by a baby bust, as well as patterns for age-specific labour-force participation and fertility rates that are consistent with U.S data.

Keywords: Baby boom; Female labour-force participation; Fertility; World war ii (search for similar items in EconPapers)
JEL-codes: D58 E24 J13 J20 (search for similar items in EconPapers)
Date: 2008-01
New Economics Papers: this item is included in nep-dge, nep-lab and nep-mac
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: The Baby Boom and World War II: A Macroeconomic Analysis (2015)
Working Paper: The Baby Boom and WorldWar II: A Macroeconomic Analysis (2013)
Working Paper: The Baby Boom and World War II: A Macroeconomic Analysis (2008)
Working Paper: The Baby Boom and World War II: A Macroeconomic Analysis (2008)
Working Paper: The Baby Boom and World War II: A Macroeconomic Analysis (2007)
Working Paper: The Baby Boom and World War II: A Macroeconomic Analysis (2007)
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