The Economics of Fertility in Developed Countries
This chapter of the Handbook of Population and Family Economics surveys the intellectual development and empirical implications of the literature on the economics of fertility as it applies to fertility behavior in developed economies. From both static and dynamic perspectives, the paper reviews the relevant theory and empirical work. The theoretical discussion emphasizes the attempt to explain household fertility behavior in terms of the choice-theoretic framework of neoclassical economics. The empirical discussion focuses on strategies for approaching the identification problem in estimating the relations implied by the theory — the effects on fertility of exogenous changes in prices, income, and technology.
Originally published in: Handbook of Population and Family Economics, M. Rosenzweig and O. Stark, eds., Amsterdam, Netherlands: North-Holland, pp. 275-347.
This report is part of the RAND Corporation Reprint series. The Reprint was a product of the RAND Corporation from 1992 to 2011 that represented previously published journal articles, book chapters, and reports with the permission of the publisher. RAND reprints were formally reviewed in accordance with the publisher's editorial policy and compliant with RAND's rigorous quality assurance standards for quality and objectivity. For select current RAND journal articles, see External Publications.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.