“All models are wrong, but some are useful” – George Box
Trying to predict the future is a risky business because it is inherently uncertain, but we need to do so in order to plan.
The Cooper Center recently released Virginia population projections for 2020-2040. The projections were developed by extrapolating historical population trends. As part of our comprehensive research efforts, we also study population change in terms of births, deaths, and migration (though our official projection model does not require these input data, historical population trends are driven by trends in components of population change). This blog post focuses on how U.S.A. fertility rates have changed over time and how they might look in the future.
Total Fertility Rates
The total fertility rate (TFR) is the most frequently used statistic to describe birth trends. The TFR for a given year is the number of children a hypothetical woman would have in her lifetime if she followed the age-specific fertility rates (ASFR) observed in that year. The chart above shows U.S.A. TFR grew from about 2 children per woman in the 1930s during depression to more than 3 during baby boom. Currently, the TFR is slightly below 2 children per woman. Read Full Article →