Baby Busts and Baby Booms: The Fertility Response to Shocks in Dynastic Models
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Economic demographers have long analyzed fertility cycles. This paper builds a foundation for these cycles in a model of fertility choice with dynastic altruism and aggregate shocks. It is shown that under reasonable parameter values, fertility is pro-cyclical and that, following a shock, fertility
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美国国家经济研究局创建时间：
2010-12-01
