Global fertility may have fallen below replacement level, threatening workforces, aging societies, and mounting economic pressure within roughly one generation
Global fertility may have fallen below replacement level for the first time in human history, putting the world population on course for decline within roughly one generation, a new study has warned.
The paper, Terra Incognita: The Economics of a Shrinking World , published earlier this month by economics professor Jesus Fernandez-Villaverde of the University of Pennsylvania and Northwestern University researcher Patrick Norrick, warns that prolonged low fertility could shrink…
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