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TOPIC:
FERTILITY PREDICTION USING MICRO DATA
ABSTRACT
This paper presents a novel approach to forecasting fertility patterns using micro data, focusing on individual-level observations to enhance predictions of fertility rates. Our method leverages the advantages of completed fertility rates, which provide more reliable fertility measures when birth rates differ by cohorts. Analyzing detailed birth history outcomes from Census Korea 2% data, we estimate and predict fertility outcomes, encompassing both the timing and total number of childbirths. We find that younger cohorts tend to delay childbirth compared to earlier cohorts, with educational attainment and childbirth history playing a significant role in this trend.
Keywords: Probabilistic Population Forecasting, Completed Fertility Rate, Total Fertility Rate
JEL Codes: J13
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