The Impact of the Economic Crisis on Fertility Levels in EU Member States

Abstract

The Impact of the Economic Crisis on Fertility Levels in EU Member States The aim of this paper is to assess the impact of the economic crisis which commenced in 2008 on fertility levels across the EU, i.e., whether the onset of the crisis influenced the fertility trends and whether the various countries differed in terms of their response to the crisis. The relationship between the two economic indicators GDP per capita and unemployment rate and the total fertility rate as the dependent variable was explored employing panel regression models. Simultaneously, an investigation was conducted into which indicator better fits the modelling of the influence of macro-economic conditions of individual countries on the fertility levels. Data on 28 EU member states from the period 2001 to 2013 were included in the analysis. The results revealed that the onset of the economic crisis exerted a fundamental effect on fertility. In addition, it was found that the two economic indicators were interchangeable in terms of the effects exerted. In conclusion, it was determined that the findings support the supposition that fertility tends to be pro-cyclical in character.