Secular Fertility Declines, Baby Booms and Economic Growth: International Evidence
Curtis Simon and
Robert Tamura ()
No 1041, 2010 Meeting Papers from Society for Economic Dynamics
costs after the end of the Second World War, but ending by 1970. In addition we introduce a new puzzle to the profession. Given the magnitude of the Baby Boom, roughly equal to fertility in 1900 for many of these countries, why did schooling of the Baby Boom cohorts not fall to the 1900 level of their predecessors? In fact, not only do they not fall, but their schooling levels are higher than previous cohorts. Using a quantitative model we are able to identify the magnitude of the reduction in costs of education necessary to explain this paradoxical increase in schooling. We find empirical support for these cost reductions.
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Journal Article: SECULAR FERTILITY DECLINES, BABY BOOMS, AND ECONOMIC GROWTH: INTERNATIONAL EVIDENCE (2017)
Working Paper: Secular fertility declines, baby booms and economic growth: international evidence (2012)
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