We present new data documenting the secular decline in fertility in the states of the United States, the dramatic … convergence in fertility, child schooling, parental schooling, survival probabilities. In addition we document the disparate … correlated with falling fertility, rising education levels of parents is strongly negatively related to fetility, and that …

the externality in the human capital accumulation of the children directly to the preference of parents. By further …

This paper investigates economic growth under liquidity constraints by taking into account the choices of fertility … accumulation and this effect is responsible for the ambiguous sign of comparative statics on the rate of fertility and on human … capital investment. From model simulation, we derive an inverted U-shaped curve relating the borrowing limit with fertility …

In this paper, I build on Blackmore (2000) to propose a formal theory of demographic transition (fertility decline) and … by his/her children, which creates an incentive to have as many children as possible. With modern communication … production of children. Even those who can influence only their own children are induced to have smaller families and improve own …