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Easterlin Hypothesis
The Easterlin hypothesis (Easterlin 1961, 1969, 1973) states that the positive relationship between income and fertility is dependent on relative income. It is considered the first viable and a still leading explanation for mid-twentieth century baby booms. The hypothesis as formulated by Richard Easterlin presumes that material aspirations are determined by experiences rooted in family background: he assumes first that young couples try to achieve a standard of living equal to or better than they had when they grew up. This is called "relative status". If income is high relative to aspirations and jobs are plentiful, it will be easier to marry young and have more children and still match that standard of living. But when jobs are scarce, couples who try to keep that standard of living will wait to get married and have fewer children. Children are normal goods once this influence of family background is controlled. For Easterlin, the size of the cohort is a critical determinant of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income And Fertility
Income and fertility is the association between monetary gain on one hand, and the tendency to produce offspring on the other. There is generally an inverse correlation between income and the total fertility rate within and between nations. The higher the degree of education and GDP per capita of a human population, subpopulation or social stratum, the fewer children are born in any developed country. In a 1974 United Nations population conference in Bucharest, Karan Singh, a former minister of population in India, illustrated this trend by stating "Development is the best contraceptive." Demographic-economic paradox Herwig Birg has called the inverse relationship between income and fertility a “demo-economic paradox”''.'' Evolutionary biology predicts that more successful individuals (and by analogy countries) should seek to develop optimum conditions for their life and reproduction. However, in the last half of the 20th century it has become clear that the economic success ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mid-20th Century Baby Boom
The middle of the 20th century was marked by a significant and persistent increase in Total fertility rate, fertility rates in many countries of the world, especially in the Western world. The term ''baby boom'' is often used to refer to this particular boom, generally considered to have started immediately after World War II, although some demographers place it earlier or during the war. This terminology led to those born during this baby boom being nicknamed the Baby boomers, baby boomer generation. The boom coincided with a marriage boom. The increase in fertility was driven primarily by a decrease in childlessness and an increase in parity progression to a second child. In most of the Western countries, progression to a third child and beyond declined, which, coupled with aforementioned increase in transition to first and second child, resulted in higher homogeneity in family sizes. The baby boom was most prominent among educated and economically active women. The baby boom e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baby Boom
A baby boom is a period marked by a significant increase of birth rate. This demographic phenomenon is usually ascribed within certain geographical bounds of defined national and cultural populations. People born during these periods are often called baby boomers. The cause of baby booms involves various fertility factors. The best-known baby boom occurred in the mid-twentieth century, sometimes considered to have started after the end of the Second World War, sometimes from the late 1930s, and ending in the 1960s. Africa "According to the new UNICEF report, almost 2 billion babies will be born in Africa between 2015 and 2050 and the 2 main driving forces behind this surge in births and children are continued high fertility rates and rising numbers of women able to have children of their own." By 2050, Africa is predicted to account for about 55% of all births in the world, 40% of all children under the age of five, and 37% of all children worldwide (under 18). Africa will be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Easterlin
Richard Ainley Easterlin (born 12 January 1926) is a professor of economics at the University of Southern California. He is best known for the economic theory named after him, the Easterlin paradox. Another of his contributions is the Easterlin hypothesis about long waves of baby booms and busts. Early life and education Easterlin was born in Ridgefield Park, New Jersey, in 1926. He studied engineering at the Stevens Institute of Technology and graduated with a degree in mechanical engineering with Distinction in 1945. He then completed an MA in economics in 1949 and his Ph.D. in economics in 1953 both at the University of Pennsylvania.Richard A. Easterlin |
Standard Of Living
Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality of life. Standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political and environmental matters – such things that an individual might consider when evaluating where to live in the world, or when assessing the success of economic policy. In international law, an "adequate standard of living" was first described in the Universal Declaration of Human Rights and further described in the International Covenant on Economic, Social and Cultural Rights. To evaluate the impact of policy for sustainable development, different disciplines have defined Decent Living Standards in order to evaluate or compare relative living experience. During much of its use in e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Normal Goods
In economics, a normal good is a type of a good which experiences an increase in demand due to an increase in income, unlike inferior goods, for which the opposite is observed. When there is an increase in a person's income, for example due to a wage rise, a good for which the demand rises due to the wage increase, is referred as a normal good. Conversely, the demand for normal goods declines when the income decreases, for example due to a wage decrease or layoffs. Analysis There is a positive correlation between the income and demand for normal goods, that is, the changes income and demand for normal goods moves in the same direction. That is to say, that normal goods have an elastic relationship for the demand of a good with the income of the person consuming the good. In economics, the concept of elasticity, and specifically income elasticity of demand is key to explain the concept of normal goods. Income elasticity of demand measures the magnitude of the change in demand f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sociology
Sociology is a social science that focuses on society, human social behavior, patterns of Interpersonal ties, social relationships, social interaction, and aspects of culture associated with everyday life. It uses various methods of Empirical research, empirical investigation and critical analysis to develop a body of knowledge about social order and social change. While some sociologists conduct research that may be applied directly to social policy and welfare, others focus primarily on refining the Theory, theoretical understanding of social processes and phenomenology (sociology), phenomenological method. Subject matter can range from Microsociology, micro-level analyses of society (i.e. of individual interaction and agency (sociology), agency) to Macrosociology, macro-level analyses (i.e. of social systems and social structure). Traditional focuses of sociology include social stratification, social class, social mobility, sociology of religion, religion, secularization, S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fertility
Fertility is the capability to produce offspring through reproduction following the onset of sexual maturity. The fertility rate is the average number of children born by a female during her lifetime and is quantified demographically. Fertility is addressed when there is a difficulty or an inability to reproduce naturally, which is referred to as infertility. Infertility is widespread, with fertility specialists available all over the world to assist mothers and couples who experience difficulties having a baby. Human fertility depends on factors of nutrition, sexual behaviour, consanguinity, culture, instinct, endocrinology, timing, economics, personality, way of life, and emotions. Fertility differs from fecundity, which is defined as the ''potential'' for reproduction (influenced by gamete production, fertilization and carrying a pregnancy to term). Where a woman or the lack of fertility is infertility while a lack of fecundity would be called sterility. Demography I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
