We study the politics of intergenerational redistribution in an overlapping generations model with short …

second generation. The paper characterizes the determinants of the equilibrium intergenerational redistribution carried out … redistribution. The key features of the model are heterogeneity within each generation and altruism across generations …

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 …

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 …

undeveloped steady stare with little human capital, low rates of return on human capital investments and high fertility, and a … developed steady stats with higher rates of return a large, and, perhaps, growing stock of human capital and low fertility …

developing countries. This paper presents a theoretical model which integrates micro-level decision making about fertility and …