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Fertility Trends And The Rising Costs Of Children, Sarita O'Neill
Fertility Trends And The Rising Costs Of Children, Sarita O'Neill
Undergraduate Research Awards
"From 1958 to 2021, fertility rates in the United States have declined from 3.5 births per woman to 1.8 births per woman (macrotrends). Declining fertility is a common trend in developed countries, specifically for countries in the Organization for Economic Cooperation and Development (OECD). Fertility is crucial to workforce replacement, so declining fertility rates have a direct impact on GDP. In the United States, the working-age population growth rate has fallen below the total population growth rate. Workforce replacement is the ratio of working-age people entering the workforce to retired age people exiting the workforce. Thispaper studies the relationship between …