This paper develops a theory in which households prepare for future education by adjusting the number of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth.

This study aims to examine how each cohort's family formation is affected by labor market conditions experienced in youth in Japan. Although deterioration in youth employment opportunities has often been blamed for Japan's declining marriage and fertility rates, the effects of slack labor market...

This is a follow up note on the UP School of Economics Faculty paper on the population issue. The poor who belong to the lowest two deciles of the income distribution have much higher actual and desired number of children, respectively 5.2 and 3.5. In contrast, the upper middle and higher income...

What institutional configurations influence fertility patterns across countries? While family policies feature prominently in previous explanations, this article highlights the importance of housing in shaping family formation decisions. Housing costs, determined by state and market factors,...

This paper aims at identifying the conditions which drive successful family policy. Therefore, it is necessary to know the economic and sociodemographic situation of families which is investigated in eight OECD countries. Special attention is drawn to income, education and labor supply of the...

From the canonical model of Becker onward, models of population dynamics have been based on assumptions which fit the family structure of developed countries. The aim of this paper is to develop a framework that fits the family structure of poor countries. The building blocks of the model...

This paper is inspired by a puzzling empirical fact that despite the importance of controlling migration for their future, the host countries allocate very limited amounts of resources to the struggle against illegal immigration. The present model analyzes this issue in the context of low...