Abstract
This chapter addresses the patterns of fertility among young women in the United States. It concentrates on the “price of time” model and the “relative income” model. Young couples in the 1950s entered enthusiastically into marriage and family formation, causing the postwar baby boom. The bust occurred when those baby boomers flooded the labor market twenty years later. Both men and women in the African American community enjoyed a pronounced economic recovery after 1985. At the same time, African American women's fertility rose more sharply than white women's. Data show a significant positive effect of young men's income on the fertility of women in their first five years out of school, and a significant negative effect of parental income with an estimated positive effect of the female wage. Furthermore, a positive effect of women's wages on fertility emerges at all ages.
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