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We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since her bargaining power would go down otherwise more strongly, the wife agrees to having a child only if the husband also leaves the labor market for a while. The daddy months...
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show that this time consistency problem leads to a systematic downward bias in fertility choices. By keeping fertility low …, families try to mitigate the ex-ante undesired shift in the power balance. This bias in fertility choices provides scope for … overcome the fertility bias. …
Persistent link: https://www.econbiz.de/10010342106
level of fertility. In this context, economic inequality is not only decisive for human capital investments and the … emergence of differential fertility, but also for agents' exposure to environmental pollution because wealthier households live …
Persistent link: https://www.econbiz.de/10010489896
OLG model, with endogenous fertility and longevity, the optimal age structure, identified by number-dampened total … exceeds the observed, especially due to a very low fertility. Introducing a preference for the population stock increases the …
Persistent link: https://www.econbiz.de/10010482437
accumulation in an R&D-based growth model with endogenous fertility and endogenous education. In line with the empirical evidence …
Persistent link: https://www.econbiz.de/10010485995
Persistent link: https://www.econbiz.de/10001451092