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The Biased Reaction to Changes in Family‐Related Public Expenditure: How Generosity and Universalism Relate to Fertility
Introduction In several European countries, there is growing concern about demographic trends resulting from population aging. This has been driven over time by a combination of increased life expectancy and decreasing fertility rates. The total fertility rate (TFR) began to decline very rapidly from the late 1960s (Caldwell and Schindlmayr 2003). As early as 1977, the average TFR of European Union countries (EU27) was below the replacement level.
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