, starvation) and quot;preventive checksquot; (marriage, fertility). Developing economies since the Industrial Revolution, and more … recently especially Asian economies, have experienced steady income growth accompanied by sharply falling fertility and … mortality rates. We develop a dynamic model of endogenous fertility, longevity, and human capital formation within a Malthusian …

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 …