Forecasting Aggregate Period-Specific Birth Rates: The Time Series Properties of a Microdynamic Neoclassical Model of Fertility
时期总生育率预测:微观动态新古典生育模型的时间序列性质
"This article demonstrates the value of microdata for understanding the effect of wages on life cycle fertility dynamics. Conventional estimates of neoclassical economic fertility models obtained from linear aggregate time series regressions are widely criticized for being nonrobust when adjusted for serial correlation. Moreover, the forecasting power of these aggregative neoclassical models has been shown to be inferior when compared with conventional time series models…