'This 2021 'baby bump' is the first major reversal in the U.S. fertility rates since the 2007 Great Recession and was large enough to reverse two years of declining fertility rates,' the economists wrote.
A drop in fertility rates in 2020 was largely driven by a sharp decline in births to foreign-born mothers after lockdowns began and such groups were barred from entering the country, the paper says. In 2019, births to foreign-born mothers accounted for 23% of all U.S. births, it adds.
"This 2021 ‘baby bump’ is the first major reversal in the U.S. fertility rates since the 2007 Great Recession and was large enough to reverse two years of declining fertility rates," the economists wrote. Furthermore, the boom was also notable among women between the ages of 30 and 34, and among those between the ages of 25 and 44 with a college degree or more. The researchers said that the latter group with a college degree was more likely to retain their jobs during the pandemic and to be able to work from home. The average worker can save almost $5,000 a year just by not driving into the office anymore.
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