This article aims to answer to what extent fertility has a causal effect on households’ economic wellbeing—an issue that has received considerable interest in development studies and policy analysis. However, only recently has this literature begun to give importance to adequate modelling...

Using data from the Eurostat Database and European Value Surveys we assess if recent fertility trends in Europe are associated with a change in values. A special emphasis is given to Spain and Italy that, together with the other Southern European countries, are often seen as a homogeneous group...