LAUSR

This paper investigates empirically the fertility rebound in low- and high-income OECD countries for the period 1970 to 2016. The focus is on the turning points of the rebound for the two country groups. We estimate the turning points in terms of GDP per capita, labour productivity, and female labour force participation. Results suggest that the rebound, (1) is statistically significant for low- and high-income OECD countries in terms of GDP per capita and labour productivity, (2) is present for female labour force participation mostly for the higher income country group and, (3) differences in the turning points are minimized for the two country groups when labour productivity is considered. Labour productivity emerges as the most important economic driver for the fertility rebound.