Why do people have kids in developed societies? We propose an empirical test of two alternative theories - children as … predicts lower future pensions to reduce fertility, while the 'old-age security' to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are …

and purchased child care (e.g. childminders, nannies) for the care and rearing of children. The theoretical model implies … that the impact of the mother's wage on her completed fertility varies with the market price of child care, and that this …

We build a theory of prosocial behaviour that combines heterogeneity in individual altruism and greed with concerns for …

public good – here, new productions – to have access to a private good – here, fringe benefits – and by altruism. The results …

social security system and inheritance taxation) in an overlapping generations model with perfect altruism. It generalizes … productivity and altruism. Within such a model wealth is entirely held in the steady-state by the families with the highest degree … of altruism. Under plausible assumptions both public debt and social security are neutral à la Ricardo, while increasing …

wills planning to divide their estates unequally among their children. These plans for unequal division are particularly … concentrated in complex families, that is, families with stepchildren and families with genetic children with whom the parent has … had no contact (e.g., children from previous marriages). We find that in complex families past and current contact between …