This paper develops a theory in which households prepare for future education by adjusting the number of children they …

This paper develops a theory in which households prepare for future education by adjusting the number of children they …

A large number of pairs of countries exhibit a dynamic pattern in which: (i) Fertility in both countries declines … across time; (ii) Initially one country has higher fertility and lower per-capita income compared to the other; (iii) In time …, as per-capita income converges, fertility rates in the poorer country become lower than in the richer one.This paper …

This research theoretically analyzes the role of irreversible fertility decisions in economic growth in the presence of … fertility adjustment then deprives some competent children of learning opportunities. In more developed stages, by contrast …

workers have a top ability if fertility is uncorrelated with ability and if the distribution of ability among sexually … necessarily eliminate inequality; nor does it disappear in the long run. Finally, if fertility is negatively correlated with …

Since the seminal work of Becker, the dynamics of endogenous fertility has been based on the trade-off faced by parents … source of household income, parents actually incur a negative cost for having an extra child, so that the trade … upstream, so as to keep fertility endogenous. We do that by adding a negative "sibship size effect" on human capital formation …

intergenerational mobility? We study these questions with particular interest in the impact of two family choices: fertility and … transfers. Fertility rates, which are higher for low-income than high-income families, are associated with differences in the … level of resources available for children's education. To evaluate the quantitative importance of fertility and family …

fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend … fertility, family transfers, and education. The model, estimated to the US in the 2000s, implies that a counterfactual flat … income-fertility profile would-through the equalization of initial conditions-increase intergenerational mobility by 6%. The …

This paper explores the evolution of child labor, fertility, and human capital in the process of development. In early … stages of development the economy is in a development trap where child labor is abundant, fertility is high and output per …, thereby inducing parents to substitute child education for child labor and reduce fertility. The economy takes-off to a …