In the last century most countries have experienced both an increase in pension spending and a decline in fertility. The authors argue that the interplay of pension generosity and development of capital markets is crucial to understand fertility decisions. Since children have traditionally...

This paper focuses on minimum wages (MW), mandated benefits (MB), employment protection legislation (EPL), and unemployment insurance benefit systems (UIB). Even though different institutions might try to accomplish the same goal(s), the mechanisms through which each regulation interacts with...