In the last century, most countries have experienced both an increase in pension spending and a decline in fertility …. We argue that the interplay of pension generosity and development of capital markets is crucial to understand fertility … children, thus relaxing financial (saving) constraints and reducing fertility. We build a simple two-period OLG model to show …

developing countries. This paper presents a theoretical model which integrates micro-level decision making about fertility and …

developing countries. This paper presents a theoretical model which integrates micro-level decision making about fertility and …

with family life in such a way as to oppose the taxation of inheritance, there are equally plausible interpretations … according to which the family can co-exist peaceably with the taxation of inheritance, at least in some form. And this basic … although each vision of the family might co-exist with inheritance taxation, the three ideals do have markedly different …