The Economics of a Shrinking World

27 Sep 2026 Leave a comment

by Jim Rose in applied price theory, development economics, econometerics, economic history, human capital, labour economics, labour supply, population economics

From Jesus Fernandez-Villaverde and Patrick Norrick: As of 2026, humanity is likely below replacement fertility. That has never happened before, not in wars or pandemics. But the real surprise is that the fall has been concentrated in low- and middle-income countries and among poorer and less educated women. We fit a single-factor model to 236…

The Economics of a Shrinking World

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