We use a Barro-Becker model of endogenous fertility, in which parents are subject to idiosyncratic shocks that are … inequality in the long run. The planner uses the trade off between family size and future consumption and leisure, in addition to … long run properties of family size in the optimal contract and show that the long run trend in dynasty size can be either …

" familial ties (e.g. a nuclear family household) achieve near Pareto efficient allocation of productive resources and Pareto … efficient allocation of consumption while households with "weaker" familial ties (e.g. an extended family household) do not. We … propose a theoretical model of the household based on the idea that altruism between household members vary with familial ties …

This note explores the problem of family labor supply decision in an economy with two-member households, joint home …