Fertility rates in many countries have dropped so low that their population is no longer growing. How will this affect economic growth? How will this affect the standard of living?
Declining fertility rates is an economic problem for several countries, and it's oftentimes compounded by increasing death rates due to a predominance of people in old age (similar to what we will see when the baby boomers reach their elderly years), and to other factors like drought, famine, and disease. For the typical country that is not facing a compounding problem of ...
The solution provides discussion regarding fertility rates and how the fertility rates affect economic growth and the standard of living. References are provided.