friction we investigate is related to the ownership of children. If parents have no claim on their children's income, then the …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … to children. Using the efficiency concepts proposed in Golosov, Jones, and Tertilt (2007), we find that whenever the …

household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the …-family relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling … size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back …

persistence between parents and children's outcomes has been an active area of research. However, since Gary Solon's 1999 Chapter …

, and credit records, to identify the effects of increased student borrowing on credit-constrained students' educational …

In this chapter we revisit the relationship between income and fertility. There is overwhelming empirical evidence that … fertility is negatively related to income in most countries at most times. Several theories have been proposed in the literature … invest more in children and less in market-specific human capital and thus have lower earnings. We revisit these and other …