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Economics of Childbearing: Trends, Progress, and Challenges

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  • Martha J. Bailey

Abstract

The neoclassical economics of childbearing turns 65 this year, marking the anniversary of Gary Becker’s foundational article on the subject in 1960. This review article begins with a study of how childbearing has evolved in the United States over the last century, identifying distinctive features of the post-1960 era. Next, the article discusses standard neoclassical models of childbearing and shows how augmenting them with a supply side, which includes access to and information about contraception and abortion, increases their explanatory power. After reviewing recent quasi-experimental research testing this augmented model, the final part of the article reflects upon the implications of the recent transformation in US fertility rates for women and children and suggests fruitful avenues for future research.

Suggested Citation

  • Martha J. Bailey, 2025. "Economics of Childbearing: Trends, Progress, and Challenges," NBER Working Papers 33970, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:33970
    Note: CH DAE LS
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    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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