Authors
Jeremy Greenwood, Ananth Seshadri, Guillaume Vandenbroucke
Publication date
2005
Journal
American Economic Review
Volume
95
Issue
1
Pages
183-207
Publisher
American Economic Association
Description
What caused the baby boom? And can it be explained within the context of the secular decline in fertility that has occurred over the last 200 years? The hypothesis is that:
  • (a) The secular decline in fertility is due to the relentless rise in real wages that increased the opportunity cost of having children;
  • (b) The baby boom is explained by an atypical burst of technological progress in the household sector that occurred in the middle of the last century. This lowered the cost of having children.
A model is developed in an attempt to account, quantitatively, for both the baby boom and bust.
Total citations
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Scholar articles
J Greenwood, A Seshadri, G Vandenbroucke - American Economic Review, 2005
J Greenwood, A Seshadri, G Vandenbroucke - Federal Reserve Bank of San Francisco Proceedings, 2002
J Greenwood, G Vandenbroucke - Last accessed, 2004