Replying to @WilcoxNMP
Parrado's 2010 paper explains the Illegitimacy Bubble during the Housing Bubble: https://repository.upenn.edu/cgi/viewcontent.cgi?article=1018&context=psc_working_papers … Illegal aliens arrive, notice USA is better than Mexico, have lots of kids. After 10 years, they notice how expensive USA is to raise kids, so they stop having them.
4:17 AM - 7 Aug 2018
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