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July 2023

Cato Audio

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The Economic and Fiscal Tradeoffs of US Fertility

US fertility is on the decline. It is declining in a way similar to other developed nations. From an economic growth and fiscal sustainability perspective, we can expect that the US working age population will begin declining in the next decade. A declining workforce is not a good thing for workers or businesses. But both having more children or having fewer children are compatible with freedom.

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