Conference Paper
The baby boom and baby bust: some macroeconomics for population economics
Abstract: What caused the baby boom? And, can it be explained within the context of the secular decline in fertility that has occurred over the last 200 years? The hypothesis is that: (i) The secular decline in fertility is due to the relentless rise in real wages that increased the opportunity cost of having children. (ii) The baby boom is explained by an atypical burst of technological progress in the household sector that occurred in the middle of the last century. This lowered the cost of having children. A model is developed in an attempt to account, quantitatively, for both the baby boom and bust.
Keywords: Macroeconomics;
Status: Published in Technological change : a workshop (2002: November 14-15)
Access Documents
File(s):
File format is text/html
https://www.frbsf.org/wp-content/uploads/sites/4/doepke_comments.pdf
Description: Full Text
Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: Proceedings
Publication Date: 2002
Issue: Nov