Impact of Skills-Biased Technical Change on Low Fertility Norms

Skills-biased technical change has led to a significant structural shift in modern economies, creating greater economic rewards for skills and experience. This has resulted in young individuals facing more economic challenges when considering family formation, leading to a sense of precarity and hindered ability to have children. While there have been improvements for young women due to decreased discrimination in the workforce, the overall trend has caused people to lag behind their desires for starting a family.