failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … transfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic inefficiency in …

In this chapter we revisit the relationship between income and fertility. There is overwhelming empirical evidence that … fertility is negatively related to income in most countries at most times. Several theories have been proposed in the literature …

This paper examines a novel mechanism linking fertility and growth. Household fertility is determined by relative wages … of women and men. Increasing women's wages reduces fertility by raising the cost of children relatively more than … household income. Lower fertility raises the level of capital per worker which in turn, since capital is more complementary to …

the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …