children as old-age economic security, discouraging fertility. In particular, this fact may explain the contemporaneity of the … political economy research these effects have been ignored, as the fertility choice is usually considered exogenous. This paper … pension systems, because as the family structure becomes weaker the fertility decreases, thus reducing the profitability of …

international migration. Fertility is endogenized so that immigrants and natives can have different fertility rates. Fertility is an …

In this paper we analyzed a model of endogenous fertility in presence of f financial market assets and social security … pensions. Given the children externality and in the absence of corrective policy, the fertility rate chosen in market economy …

In this paper we analyzed a model of endogenous fertility in presence of financial market assets and social security … pensions. Given the children externality and in the absence of corrective policy, the fertility rate chosen in market economy …

facilitates a substantial decrease in equilibrium fertility rate alongside the improvement in life expectancy. We demonstrate how … in total fertility rate and effective retirement age would reduce age-related expenditure substantially. While higher net …