Jesús Fernández-Villaverde: Global fertility rates are below replacement levels, low fertility poses challenges to welfare states, and the quality-quantity trade-off explains declining birth rates | Macro Musings

Global fertility decline poses a critical challenge to future economic stability and welfare systems worldwide. The post Jesús Fernández-Villaverde: Global fertility rates are below replacement levels, low fertility poses challenges to welfare states, and the quality-quantity trade-off explains decl