Easterlin hypothesis

The Easterlin hypothesis (Easterlin 1969, 1973) states that the positive relationship between income and fertility is dependent on relative income. The hypothesis as formulated by Richard Easterlin presumes that material aspirations are determined by experiences rooted in family background: he assumes first that young couples try to achieve a stan...
Found on http://en.wikipedia.org/wiki/Easterlin_hypothesis
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