TY  - BOOK
AU  - Rose,Andrew K.
AU  - Supaat,Saktiandi
ED  - National Bureau of Economic Research.
TI  - Fertility and the Real Exchange Rate
T2  - NBER working paper series
PY  - 2007///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - July 2007; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w13263
UR  - http://dx.doi.org/10.3386/w13263
ER  -