This paper analyses the relationship between age-specific fertility, mortality and real wages in Sweden during the … demographic transition. We take an overlapping generation’s model of life cycle fertility and fit it to actual Swedish time …-series data over the past two and a half centuries. The model fits the data well, accurately portraying the total fertility …

failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … transfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic inefficiency in …

In this Paper, we study the role of subsidies to fertility in ensuring the political viability of unfunded social … older generations, and in turn choose current levels of fertility subsidies, and future levels of social security benefits … converge to a steady state lower than simple extrapolation of current trends would imply, and fertility will rebound with the …

This Paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households …