Wang, Ping; Yip, Chong K; Scotese, Carol A - In: The Review of Economics and Statistics 76 (1994) 2, pp. 255-66
This paper examines a growth model with endogenous consumption, labor-leisure, and fertility. A fertility choice variable capturing both the quality and quantity of the family size enters the utility function positively but also generates time costs. Theoretical comparative dynamic results are...