Boucekkine, Raouf; Desbordes, Rodolphe; Latzer, Hélène - 2009
This paper develops a theory of optimal fertility behavior under mortality shocks. In an OLG model, young adults … determine their optimal fertility, labor supply and life-cycle consumption with both exogenous child and adult mortality risks …. We show that a rise in adult mortality exerts an ambiguous effect on both net and total fertility in a general …