Many governments around the world are struggling with below-replacement fertility rates. Recent efforts to increase birth rates have produced disappointing outcomes, which contrast sharply with the success of anti-fertility policies implemented in the past. Is it systematically more difficult to raise fertility than to reduce it? If so, what are the micro foundations and the macro implications of this phenomenon? Zhou A, Pang C, Engle S. (2024) provides a comprehensive analysis of this issue.
24 Nov 2024
Research