In this paper we explore two econometric approaches to data on parity-specific birth rates in England and Wales during the postwar period. Both approaches can accommodate complex dynamic adjustments within birth rates and focus on adjustments of fertility behavior in response to changes in...

This paper examines the economic rationale for concern about the falling rate of growth of Europe's population. It also assembles demographic and economic time-series data for the countries of Eastern and Western Europe during the postwar period. The consequences of demographic developments for...

The paper develops two models in which parents support their adult child’s human capital investment through financial transfers and/or coresidence. In one, parents are altruistic, and in the other they make loans to children for purely selfish reasons. Econometric estimates using the first...