examine how the cost structure of early and late children in terms of time and goods affects the optimal fertility timing … observed postponement of births: (1) a fall of the direct cost of late children (thanks to medical advances); (2) a rise in … hourly productivity, which increases the (relative) opportunity costs of early children in comparison to late children. …

The present paper investigates a standard model of endogenous fertility when child survival to adulthood is uncertain …. In this framework, I first show that facing the risk their children die before reaching adulthood, parents don’t always … formulate a precautionary demand for children. Indeed, there exists a non-empty set of utility functions for which parents …

Very few studies have explored the optimality properties of the "standard model" of fertility where parents must …

Although the optimal policy under endogenous fertility has been widely studied, the optimal public intervention under … number and the timing of births are chosen by individuals who differ as to how early fertility can weaken future earnings … the earnings dimension and the internalization of fertility externalities. It is also shown that, contrary to common …