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This paper develops a theory of the fertility choice that focus on the shadow price of the quality of children and … interaction between fertility and economic growth. Through the choice of per child quality within family, the analysis contributes … to narrowing the many remaining gaps between endogenous family decisions on fertility and aggregate economic growth …
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The family is a key socio-economic unit in society. The nature of its organization is shaped by cultural values and … family, values, norms) tend to reproduce themselves over time, revealing a certain inability to make the necessary … adjustments to new challenges. This chapter argues that in familistic societies - where family ties are strongly rooted in …
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children depend on such investments. Agents can be skilled or unskilled. The model emphasizes the role of orphans. Orphans are …We develop a tractable general theory for the study of the economic and demographic impact of epidemics. In particular … parents choose optimal health expenditures for their children and themselves. The survival probability of (junior) adults and …
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