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The birth of children often shifts the power balance within a family. If family decisions are made according to the … birth of children may differ from the ex-ante optimal choice. In a model of cooperative decision making within a family, we …
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We study the design of a fair family policy in an economy where parenthood is regarded either as desirable or as undesirable, and where there is imperfect fertility control, leading to involuntary childlessness/parenthood. Using an equivalent consumption approach in the consumption-fertility...
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earners and low earners with the proportion of types being determined endogenously. The number of children is … deterministically chosen but the children's future ability is in part stochastic, in part determined by the family background, and in … attainment of his children on the proportion of high-ability individuals in the steady state. Our results include: (i …
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earners and low earners with the proportion of types being determined endogenously. The number of children is … deterministically chosen but the children’s future ability is in part stochastic, in part determined by the family background, and in … attainment of his children on the proportion of high-ability individuals in the steady state. Our results include: (i …
Persistent link: https://www.econbiz.de/10013316338