fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor … supply. The optimum share of fertility-related pensions is always below unity, but generally positive. The former is true … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation. …

alone entails a higher fertility rate and a lower ratio of high- to low-ability children, as compared to using education …This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as … earners and low earners with the proportion of types being determined endogenously. The number of children is …

fertility model that generates an endogenous demographic transition by means of distinguishing between female and male labor. We … policy linking pension benefits to the number of children acts as a corrective tax system able to restore both the optimal …

custodial parents exercise their children's voting rights until they come of age) and the vast literature on formal models with … endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …

and with income risks facing the educated and the uneducated. …

age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the …This study identifies the causal effect of pension generosity on women’s fertility behavior. It capitalizes on Brazil … contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities …

How do parents contend with threats to the health and survival of their children? Can the social safety net mitigate … diagnoses among Danish children with register data for affected and matched unaffected families. Parental income declines … in labor supply and income. Mental health and fertility effects are also observed but are likely not mediators for …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker's rotten kids theorem holds for the … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker …