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Journal of Population Economics

, Volume 18, Issue 1, pp 1–13 | Cite as

The Easterlin hypothesis in the recent experience of higher-income OECD countries: A panel-data approach

  • Yongil Jeon
  • Michael P. Shields
Article

Abstract.

The Easterlin hypothesis emphasizes the effect of relative cohort size on fertility. Models based on the Easterlin hypothesis have performed well in explaining time series fertility data, although these results have been for long historical time series and have typically been restricted to single country studies. These models are not adequate to determine if the hypothesis still holds and if the success of the Easterlin hypothesis is an artifact of the time period chosen. We use panel data analysis and temporal causality tests to see of the Easterlin hypothesis holds for higher-income OECD countries. The results support the Easterlin hypothesis.

JEL classification:

J1 C23 

Keywords

Cohort fertility panel 

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Copyright information

© Springer-Verlag 2005

Authors and Affiliations

  1. 1.Department of EconomicsCentral Michigan UniversityMt. PleasantUSA

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