The Rise of Female Autonomy and the Decline of Fertility: The Role of Mismatch

The fertility decline is everywhere in the world today and goes back decades for rich countries. Birthrates have been below replacement in the U.S. and Europe since the mid-1970s. Completed cohort fertility in the U.S. was lower for those born in 1955 than for 1975. The reasons for the initial declines involve greater female autonomy and a mismatch between the desires of men and women. Men generally benefit more from maintaining traditions; women often benefit more from eschewing them. When the probability is low that men will abandon traditions, some career women will not have children and others will delay.