Banerjee, Abhijit; Meng, Xin; Porzio, Tommaso; Qian, Nancy - C.E.P.R. Discussion Papers - 2014
This study uses micro data and an OLG model to show that general equilibrium forces are critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important source of old-age support and that in partial...