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From a recent paper by Sebastian Galiani and Raul A. Sosa: Fertility rates have fallen below replacement in most countries, fueling predictions of demographic collapse. We show these forecasts overlook a crucial fact: societies are not homogeneous. Using the Bisin–Verdier model of cultural transmission with endogenous fertility and direct socialization, calibrated to U.S. and global […] The post The fertility asymptote? appeared first on Marginal REVOLUTION. CommentsIn reply to k m. So you ar...