Open AccessThe Effect of Australia’s Declining Fertility Rate 1978-2016
Author(s) -
Ejiro U. Osiobe
Publication year - 2019
Publication title -
international journal of human resource studies
Language(s) - English
Resource type - Journals
ISSN - 2162-3058
DOI - 10.5296/ijhrs.v9i4.15717
Subject(s) - fertility , total fertility rate , per capita , economics , ordinary least squares , population , per capita income , birth rate , demographic economics , developed country , demography , development economics , geography , research methodology , family planning , econometrics , sociology
The paper presents an analytic framework that describes how the declining fertility rate of Australia between 1978 - 2016 has affected its economy. Issues related to population have long been the subject of debate in the industrialized countries like the United States and European nations following the shift in their population structure. The awareness of the declining fertility rate in Australia remains a concern to the Australian government as the new trend will reshape the country’s demographic pattern. This paper seeks to examine the fertility rate of Australia and how it has affected GDP per capita. The study uses the simple ordinary least squares (OLS) methodology to analyze this effect. Our result showed an inverse relationship between fertility rate in Australia and per capita income.