Politicians are widely perceived to lose significance upon leaving office. Yet media accounts often highlight politicians' legacies as a source of influence that endures even after they retire. This article assesses these contrasting views by investigating the substance, endurance, and...

In a three-period overlapping generations model, I show that different combinations of preference and technological parameters can lead to different patterns on the joint evolution of human capital and (endogenous) fertility choices. These patterns may include threshold effects and multiple...