Baby Busts and Baby Booms : The Fertility Response to Shocks in Dynastic Models

  title={Baby Busts and Baby Booms : The Fertility Response to Shocks in Dynastic Models},
  author={Larry E. Jones Alice Schoonbroodt},
  • Larry E. Jones Alice Schoonbroodt
  • Published 2006
After the fall in fertility during the demographic transition, many developed countries experienced a baby bust, followed by the baby boom and subsequently a return to low fertility. Demographers have linked these large fluctuations in fertility to the series of ‘economic shocks’ that occurred with similar timing – the Great Depression, World War II (WWII), the economic expansion that followed and then the productivity slow down of the 1970s. To economists, this line of argument suggests a more… CONTINUE READING
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