Pörtner, Claus Chr. - In: Journal of Population Economics 14 (2001) 1, pp. 119-136
This paper presents a dynamic model of fertility decisions in which children serve as an incomplete insurance good. The … number of children. It contributes to the understanding of the negative relation between fertility and education, shows why … parents may demand children even if the return is negative, and explains why fertility might rise with increasing income when …