We report on the implications of the peak in the cosmic star-formation rate
(SFR) at redshift z ~ 1.5 for the resulting population of low-mass X-ray
binaries(LMXB) and for that of their descendants, the millisecond radio pulsars
(MRP). Since the evolutionary timescales of LMXBs, their progenitors, and their
descendants are thought be significant fractions of the time-interval between
the SFR peak and the present epoch, there is a lag in the turn-on of the LMXB
population, with the peak activity occurring at z ~ 0.5 - 1.0. The peak in the
MRP population is delayed further, occurring at z < 0.5. We show that the
discrepancy between the birthrate of LMXBs and MRPs, found under the assumption
of a stead-state SFR, can be resolved for the population as a whole when the
effects of a time-variable SFR are included. A discrepancy may persist for
LMXBs with short orbital periods, although a detailed population synthesis will
be required to confirm this. Further, since the integrated X-ray luminosity
distribution of normal galaxies is dominated by X-ray binaries, it should show
strong luminosity evolution with redshift. In addition to an enhancement near
the peak (z ~ 1.5) of the SFR due to the prompt turn-on of the relatively
short-lived massive X-ray binaries and young supernova remnants, we predict a
second enhancement by a factor ~10 at a redshift between ~ 0.5 and ~ 1 due to
the delayed turn-on of the LMXB population. Deep X-ray observations of galaxies
out to z ~ 1 by AXAF will be able to observe this enhancement, and, by
determining its shape as a function of redshift, will provide an important new
method for constraining evolutionary models of X-ray binaries.Comment: 13 pages, including 1 figure. Accepted for publication in ApJ Letter