The fundamentalist moment -- Coffins and cradles -- America's vanishing labor supply -- The new human environment -- People power -- Fading nations -- The cost of children -- The cost of aging -- The slowing pace of progress -- Home economics -- Freedom and fertility -- Work and families

This paper analyzes the growth and employment effects of dynamic fiscal policies in an overlapping generations model with endogenous growth and imperfect labour markets. With balanced-budget policies, the modelled closed economy grows at a constant rate which is the higher, the lower are the...