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Scott Mauldin's avatar

What you present is not *the* economic explanation. A macro-economic explanation is the transformation of average daily life (via industrialization) from a labor-intensive to a capital-intensive process. We no longer labor in the forest and field where a large family with lots of children can provide greater labor output and older children offset the cost of raising younger ones - we are in a capital-intensive framework where the limiting factor to family size is parental income, older children are not deemed capable of correctly educating younger children, children cannot work to offset the costs of their own upbringing, and financial investment in formal education is necessary for socio-economic success.

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Malmesbury's avatar

A possible link would be that more progressive countries have more immigrants from places with higher fertility rates, and these immigrants are the ones pushing the TFR up.

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