Returns to Education: The Case of Fertility

The purpose of this research is to observe the impact of the individual and aggregate-level education on the fertility rate. The empirical investigation has been extended to observe the determinants of fertility using aggregate district data. The estimated coefficients of the macro fertility model establish a case for higher education for women to achieve a noticeable reduction in the fertility rate. Moreover, the impact of the general level of education of a district, after controlling the level of economic development, appears an important element in the fertility response model.