Young (2005) argues that HIV related population declines reinforced by the fertility response to the epidemic will lead to higher capital-labor ratios and to higher per capita incomes in the affected countries of Africa. Using household level data on fertility from South Africa and relying on between cohort variation in country level HIV infection, he estimates a large negative effect of HIV prevalence on fertility.
HIV and Fertility RevisitedSebnem Kalemli-Ozcan and Belgi Turan ,
1( 96 )
Journal of Development Economics