Lovenheim, Michael F.; Mumford, Kevin J. - In: The Review of Economics and Statistics 95 (2013) 2, pp. 464-475
This paper uses wealth changes driven by housing market variation to estimate the effect of family resources on fertility decisions. Using data from the Panel Study of Income Dynamics, we show that a $100,000 increase in housing wealth among home owners causes a 16% to 18% increase in the...