BOUCEKKINE, Raouf; DESBORDES, Rodolphe; LATZER, Hélène - Center for Operations Research and Econometrics (CORE), … - 2008
This paper develops a theory of optimal fertility behavior under mortality shocks. In a 3- periods OLG model, young … adults determine their optimal fertility, labor supply and life-cycle consumption with both exogenous child and adult … shocks raise fertility due to insurance and life-cycle mechanisms respectively. In general equilibrium, adult mortality …