Empirical tests of the Chicago model and the Easterlin hypothesis: a case study of Japan.

@article{Ohbuchi1982EmpiricalTO,
  title={Empirical tests of the Chicago model and the Easterlin hypothesis: a case study of Japan.},
  author={H Ohbuchi},
  journal={Jinkogaku kenkyu},
  year={1982},
  volume={5},
  pages={8-16}
}
The objective of this discussion is to test the applicability of economic theory of fertility with special reference to postwar Japan and to find a clue for forecasting the future trend of fertility. The theories examined are the "Chicago model" and the "Easterlin hypothesis." The major conclusion common among the leading economic theories of fertility, which have their origin with Gary S. Becker (1960, 1965) and Richard A. Easterlin (1966), is the positive income effect, i.e., that the… CONTINUE READING