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Income and Fertility of Female College Graduates in the United States

Author

Listed:
  • Zhengyu Cai

    (Southwestern University of Finance and Economics
    Global Labor Organization (GLO))

  • John V. Winters

    (Global Labor Organization (GLO)
    Iowa State University
    Institute of Labor Economics (IZA))

Abstract

Fertility rates have fallen below replacement levels in many economies. We examine the relationship between female incomes and fertility for college graduates in the United States. Female income is likely endogenous to fertility, and candidate instrumental variables are likely imperfect. We use the Nevo and Rosen (2012) imperfect instrumental variable procedure to estimate two-sided bounds for the effect of female income on fertility. The effect of female income on fertility is unambiguously negative and non-trivial, but the magnitude is relatively small. Our results suggest that the recent fertility slowdown in the U.S. is not primarily due to higher female incomes.

Suggested Citation

  • Zhengyu Cai & John V. Winters, 2024. "Income and Fertility of Female College Graduates in the United States," Journal of Labor Research, Springer, vol. 45(4), pages 479-498, December.
    • Handle: RePEc:spr:jlabre:v:45:y:2024:i:4:d:10.1007_s12122-024-09366-9
    DOI: 10.1007/s12122-024-09366-9
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    More about this item

    Keywords

    Fertility; Children; Motherhood; Female Income;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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