model that aggregates household decisions regarding fertility, savings and investment in human capital of children. It shows … that as a consequence of endogenous fertility, the equilibrium path attains steady state from the second generation. Income … emergence of perfect capital markets with private initiatives …

This paper develops a theory in which households prepare for future education by adjusting the number of children they … disturbances after childbirth. -- Fertility ; Lock-in effect ; Inequality ; Education …

To design an optimal education policy, it is essential to account for the fertility differential between the poor and … the rich because it affects the human capital investment through the child quantity-quality tradeoff of children. We … economy. It is very important to consider general equilibrium effects because the change in either fertility behavior or …