Fertility and the real exchange rate
By: Andrew K. Rose, Saktiandi Supaat
Contributors: Supaat, Saktiandi; National Bureau of Economic Research
Series: NBER working paper series -- working paper 13263; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13263.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "We use a quinquennial data set covering 87 countries between 1975 and 2005 to investigate the relationship between fertility and the real effective exchange rate.  Theoretically a country experiencing a decline in its fertility rate can be expected to have higher savings, lower investment, a current account surplus, and accordingly a real depreciation.  We test and confirm this hypothesis, controlling for a host of potential determinants such as PPP deviations and the Balassa-Samuelson effect.  We find a statistically significant and robust link between fertility and the exchange rate.  Our point-estimate is that a decline in the fertility rate of one child per woman is associated with a depreciation of approximately .15% in the real effective exchange rate"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 8/16/2007.

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