Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2010
opportunity cost of bearing children and, hence, stimulates (depresses) fertility. The policy implications are straightforward …Using a simple OLG small open economy with endogenous fertility we show that the command optimum can be decentralised … internalise the externality of children, while also representing a Pareto improvement. …