Lecture04_fall2009 - Ec183 Fall 2009 Leah Boustan Agenda...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Ec183, Fall 2009 Leah Boustan Agenda for today • In-class exercise: Sample midterm problem • Economic hypotheses for the decline in fertility in the mid-19 th century • Second lecture on labor force: Economics of slavery in the US South Review: Fertility in 19 th century • Population growth rate of 3% from 1800-55 • In theory, add population through births, immigration, fewer deaths. No change in life expectancy over period. • Completed marital fertility rate falls from 10 births per woman to 7 births per woman (of which only 8 and 4.5 survive) from 1800 to 1850 • One explanation: Later age at first marriage – from 22 to 23 years old – and longer interval been marriage and first birth. Together, equivalent of 1.5 births.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
the demand for large families • Children as old age security – Substitute toward savings as financial markets develop – Children move to city; more likely to “default” • Value of unskilled child labor declines – From farm work to factories to white collar – “Quality-Quantity” tradeoff: Parents have limited resources; can either have many children and provide each with the basics, or can have a few children and pay for schooling, health care, etc. Question: Given that much of the decline in fertility was due to later ages at first marriage, are these explanations sufficient? Evidence: Fertility is lower in urban areas
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 11

Lecture04_fall2009 - Ec183 Fall 2009 Leah Boustan Agenda...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online