The Fertility Decline: A Shift in Priorities

This paper investigates the historically low fertility rates across high-income countries. Analyzing cohort data reveals rising childlessness across all ages and falling completed fertility rates, highlighting the need for a long-term perspective. The study dismisses short-term explanations like income or price fluctuations, instead pointing to a fundamental shift in adult priorities, with parenthood playing a diminished role. This 'shifting priorities' phenomenon is likely a complex interplay of changing social norms, evolving economic opportunities and constraints, and broader societal and cultural forces. The paper concludes with suggestions for future research and policy implications.