critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … perceive children as an important source of old-age support and that, in partial equilibrium (PE), increased fertility lowers … aggregate fertility on household savings …

The household production model provides a useful theoretical framework in which one may analyze family labor supply … issues. In this model, the family is viewed as if it were a small firm producing its ultimate wants within the household. In … order to satisfy these wants, the family (firm) combines purchased market goods and services with the time of various family …

While a large literature is interested in the relationship between family and labor supply outcomes, little is known … in beliefs about how future family outcomes are related to future labor supply. Methodological contributions come from an … longitudinal data, can potentially help address endogeneity issues arising in the estimation of the causal effect of family on …

autonomy. Women who are exposed to the reform are more likely to have met their husbands outside of family networks, they are … the continuation of the family blood line. These results indicate that educational attainment can alter behaviors and …

childbearing on subsequent educational attainment, family structure, labor market outcomes and financial self-sufficiency. In …

fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one … them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker … model is very small, and inconsistent with the empirical findings. The effect on fertility in the Boldrin and Jones model is …

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 …

We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying … particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a %u201 … probabilistic fashion. We show that most highly developed countries have fertility below the rate that maximizes steady state …