Business Cycles and Fertility Dynamics in the U.S.: A Vector-Autoregressive Model / Naci H. Mocan.

Format:

Book

Author/Creator:

Mocan, Naci H.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w3177.

NBER working paper series no. w3177

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Business Cycles and Fertility Dynamics in the U.S

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1989.

Summary:

Using recent developments in time-series econometrics, this paper investigates the behavior of fertility over the business cycle. The sex-specific unemployment rates, the divorce rate and the fertility rate are shown to be governed by stochastic trends. Furthermore, fertility is determined to be co-integrated with the divorce and unemployment rates. In the bivariate vector-autoregressions between fertility and unemployment, an increase in the female or male unemployment rates generate a decrease in fertility, which confirms the findings of previous time-series research concerning the procyclical behavior of fertility. However, when the models include the divorce rate and the proportion of young marriages as additional regressors, shocks to the unemployment rates bring about an increase in fertility, implying the countercyclicality of fertility.

Notes:

Print version record

November 1989.