The Emergence of Lowest‐Low Fertility in Europe During the 1990s

Lowest‐low fertility, defined as a period total fertility rate at or below 1.3, has rapidly spread in Europe during the 1990s. This article traces the emergence of this new phenomenon to the interaction of five factors. First, tempo and compositional distortions reduce the total fertility rate below the associated level of cohort fertility. Second, socioeconomic changes—including increased returns to human capital and high economic uncertainty in early adulthood—have made late childbearing a rational response for individuals and couples. Third, social interaction effects reinforce this behavioral adjustment and contribute to large and persistent postponement in the mean age at birth. Fourth, institutional…