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 … failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The …

social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … fertility and the elderly labor supply in the economy as a whole. It shows that governments can realize the first …

Boldrin and Jones' framework parents procreate because the children care about their old parents' utility, and thus provide … Becker model parents have children because they perceive their children's lives as a continuation of their own. In the … fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one …

Boldrin and Jones' framework parents procreate because the children care about their old parents' utility, and thus provide … Becker model parents have children because they perceive their children's lives as a continuation of their own. In the … fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one …

contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … decrease fertility less. Finally, the effects of the social security tax on capital per worker are negative with mandatory …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker's rotten kids theorem holds for the … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker …