Chapter

Relative Cohort Size and Fertility

Diane J. Macunovich

in Birth Quake

Published by University of Chicago Press

Published in print May 2002 | ISBN: 9780226500836
Published online February 2013 | e-ISBN: 9780226500928 | DOI: http://dx.doi.org/10.7208/chicago/9780226500928.003.0013
Relative Cohort Size and Fertility

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This chapter addresses the patterns of fertility among young women in the United States. It concentrates on the “price of time” model and the “relative income” model. Young couples in the 1950s entered enthusiastically into marriage and family formation, causing the postwar baby boom. The bust occurred when those baby boomers flooded the labor market twenty years later. Both men and women in the African American community enjoyed a pronounced economic recovery after 1985. At the same time, African American women's fertility rose more sharply than white women's. Data show a significant positive effect of young men's income on the fertility of women in their first five years out of school, and a significant negative effect of parental income with an estimated positive effect of the female wage. Furthermore, a positive effect of women's wages on fertility emerges at all ages.

Keywords: fertility; young women; United States; price of time; relative income model; parental income; female wage

Chapter.  5911 words.  Illustrated.

Subjects: Microeconomics

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