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Do Credit Supply Shocks Affect Fertility Choices?
- Source :
- SSRN Electronic Journal.
- Publication Year :
- 2020
- Publisher :
- Elsevier BV, 2020.
-
Abstract
- We empirically investigate the role of credit supply in fertility decisions. Using the U.S. banking deregulation in the 1980s and the 2007–2009 Great Recession as two different laboratories for credit supply shocks, we find that an increase in credit supply consistently implies higher fertility rates, as well as higher probability of giving birth. This relation, which is economically and statistically significant, differs across individuals: it is more pronounced for young women and for families with unemployed husbands. Finally, we provide suggestive evidence that increased credit access leads to more optimistic expectations about personal prospects, and in turn, higher fertility rates.
- Subjects :
- History
Polymers and Plastics
Supply shock
Total fertility rate
media_common.quotation_subject
education
Family economics
Fertility
Affect (psychology)
Industrial and Manufacturing Engineering
Great recession
Deregulation
Economics
Demographic economics
Business and International Management
Finance
health care economics and organizations
media_common
Subjects
Details
- ISSN :
- 15565068
- Database :
- OpenAIRE
- Journal :
- SSRN Electronic Journal
- Accession number :
- edsair.doi.dedup.....50cbdf1d5a5800a2ee16fa5444d0e810