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Fertility Risk in the Life-Cycle

Research output: Contribution to journalArticle

Original languageEnglish
Pages (from-to)237-259
Number of pages22
JournalInternational Economic Review
Issue number1
Early online date3 Feb 2017
DateAccepted/In press - 8 Oct 2015
DateE-pub ahead of print - 3 Feb 2017
DatePublished (current) - Feb 2017


In this paper I study fertility decisions of women in the U.S. economy, with special emphasis on the timing of births and abortions over the life-cycle. Given the constant policy debate regarding abortion availability and recent empirical evidence of its positive impact on women outcomes, understanding the fertility process in a broad sense should help guide the discussion. In this paper I present a life-cycle model of consumption-savings and fertility decisions in an environment with uninsurable income shocks and imperfect fertility control. My model presents a unified framework in which both opportunity costs of child rearing and technological restrictions (in the form of contraception effectiveness) have roles to understand lifetime fertility choices.

    Research areas

  • Stochastic fertility, Life-cycle model, Heterogeneous agents model, Savings, Birth control

    Structured keywords

  • ECON Macroeconomics

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