We study the impact of restricting child-related social assistance to the first two children in the family on the fertility of third and subsequent births. As of April 2017, all third and subsequent born children to low-income families in the UK did not receive means-tested child benefits,...

Social scientists theorize that the inverse relationship between socio-economic status and family size represents a trade-off between the quality and quantity of children. Evaluating this hypothesis empirically requires addressing the simultaneity of the quality and quantity decisions....