NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Cost of Low Fertility in Europe

David E. Bloom, David Canning, Günther Fink, Jocelyn E. Finlay

NBER Working Paper No. 14820
Issued in March 2009

---- Acknowledgements -----

This paper was prepared for the International Conference on the Economic Consequences of Low Fertility, April 11 - 12 2008 at the University of St. Gallen Switzerland. We are grateful to three anonymous referees, and to Rainer Münz, and other participants in the Conference for their helpful comments. Support for this research was provided by grant number 5 P30 AG024409 from the National Institute on Aging, National Institutes of Health, and by a grant from the William and Flora Hewlett Foundation. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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