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Δευτέρα 3 Ιουλίου 2017

The Economist explains: How fracking leads to babies

Main image:  THE typical family in America is changing. Couples are increasingly reluctant to seal their relationships with the stamp of marriage, or to tie the knot before having children. In 1960 fewer than a tenth of births were to unmarried women, whereas these days around two fifths of children are born out of wedlock. Economists wonder whether the changing economic fortunes of men might be driving these decisions, but struggle to disentangle the different factors at work. Recently, though, new evidence has emerged on the topic. Did, for example, the fracking boom affect family formation? It seems plausible that someone might be reluctant to marry a person with poor or worsening economic prospects. And babies are expensive; to an economist, the idea that people might be more likely to have one when they get richer is a natural one. There is some historical evidence to support both hypotheses. In response to the Appalachian coal boom of the 1970s and 1980s, marriage rates went up, as did the share of babies born to married couples. More recently, a study by David Autor, David Dorn and Gordon Hanson, three economists, found that people exposed to import competition from China over the 1990s and 2000s took a hit to their "marriage-market value". The negative shock seemed to turn people off ...

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