Repercussions of the Recent Economic Downturn on Birth Rates in Greece

Abstract

A comprehensive analysis of historical economic recessions in developed nations confirms the significant impact of social and economic crises on fertility rates. Across different countries, these effects exhibit common characteristics, such as a modest influence on overall fertility rates, delays in the timing of first childbirth linked to later marriages or unions, and a correlation between unemployment and age-specific fertility. Countries with established family policies and robust social security systems tend to experience less pronounced changes in fertility behavior during economic crises. The recent economic downturn in Greece unfolded amidst unique social conditions, including increased female labor force participation, widespread use of reliable contraception allowing for delayed childbearing, and escalating social security and healthcare costs due to an aging population. These factors may influence reproductive decisions and exacerbate the adverse effects of the recession on fertility rates. This study utilizes the latest official data from Greece to examine the impact of the current economic crisis on fertility levels and their evolution over time.