The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 12

Someone has calculated that American women with four years of college have twice as many babies on average as women with five years of college. Assume the data are correct. What conclusions would you draw? Would you infer that going to college for a fifth year reduces female fertility? Would you caution a woman who has just completed four years of college not to take a fifth year if she is determined to have children? What theories are you using?