parameters can lead to different patterns on the joint evolution of human capital and (endogenous) fertility choices. These …, fertility is procyclical. Contrary to existing analyses, endogenous economic fluctuations emerge only when the substitution …

We build an overlapping generations model with endogenous fertility choices as well as public and private expenditures … additional explanation behind a salient feature of demographic transition; that is, the fertility decline along the process of …

A large number of pairs of countries exhibit a dynamic pattern in which: (i) Fertility in both countries declines … across time; (ii) Initially one country has higher fertility and lower per-capita income compared to the other; (iii) In time …, as per-capita income converges, fertility rates in the poorer country become lower than in the richer one.This paper …