The reversal of the fertility trend, also called “fertility-rebound”, that comes along with the process of economic development in some but not in all developed countries shows that the impact of economic development on fertility is ambiguous. Whether this impact is positive or negative depends on many factors, over and above the economic dimension. As fertility affects population growth and the age structure of the population, changes in fertility in the immediate future have far-reaching consequences on economic development, productivity growth and aspects of welfare systems. It is therefore of major political, social and economic interest to know whether further economic advancement is likely to provoke a rebound of fertility in highly developed countries.
This article sheds light on the potential drivers of fertility in highly developed countries. By establishing a state of the art of the empirical literature on this subject, the article answers the question if and under what circumstances the phenomenon of a “fertility rebound” is likely to become a stylized fact in developed countries in the near future.