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THE FERTILITY DECLINE IN THE UNITED STATES: SCHOOLING AND INCOME

Published online by Cambridge University Press:  06 February 2017

Casper Worm Hansen ,
Peter Sandholt Jensen  and
Lars Lønstrup
Casper Worm Hansen*
Affiliation:
University of Copenhagen
Peter Sandholt Jensen
Affiliation:
University of Southern Denmark
Lars Lønstrup
Affiliation:
University of Southern Denmark
*
Address correspondence to: Casper Worm Hansen, University of Copenhagen, Department of Economics, Øster Farimagsgade 5, 1353 København K, Denmark; e-mail: casper.worm.hansen@econ.ku.dk.
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Abstract

This study investigates the determinants of the fertility transition in the United States from 1850 to the end of the 20th century. We find a robust negative relation between years of schooling and fertility. The magnitude of our baseline estimate suggests that the rise in schooling accounts for about 60% of the US fertility decline. In contrast, we find no evidence of a robust relation between income per capita and fertility. This pattern corroborates theories stressing the importance of human capital investments in generating a transition from high to low fertility.

Keywords

Fertility TransitionSchoolingIncomeUS States
Type
Articles
Information
Macroeconomic Dynamics , Volume 22 , Issue 6 , September 2018 , pp. 1584 - 1612
Copyright
Copyright © Cambridge University Press 2017 

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Footnotes

We thank an associate editor and two anonymous reviewers for useful comments and suggestions. We also thank Oded Galor, Carl-Johan Dalgaard, Fabrice Murtin, Paul Sharp, and Philipp Ager for useful comments and suggestions. We finally thank Lene Holbæk for editorial assistance. All errors and omissions are our own. This work was supported by a grant from the Danish Research Council Reference No. 0602-02108B to Lars Lønstrup.

References

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