fertility rates and reducing output growth in the transitional dynamics. If human or physical stocks are sufficiently low, the … model shows that an economy can be caught in a fertility-caused poverty trap, while countries with more resources will …

fertility rate and reducing output growth in the transitional dynamics. If human or physical stocks are sufficiently low, the … model shows that an economy can be caught in a fertility-caused poverty trap, while countries with more resources will …

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …

; renegotiation-proofness ; altruism ; fertility ; saving ; transfers ; attention ; pensions ; credit rationing … renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the … effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …

We use a Barro-Becker model of endogenous fertility, in which parents are subject to idiosyncratic shocks that are …