This paper analyzes fertility and consumption decisions when the costs of raising a child and parents' income are … literature. We obtain several new results relative to models where children are deterministic goods and only income and … substitution effects drive fertility. For example, 1) Higher child risks diminish fertility and consumption. 2) Fertility is …

This paper investigates the role of children in explaining the life-cycle pattern of consumption (which is hump … of U.K. households was exploited to investigate whether currently childless households that anticipate having children … behave differently from similar households that do not anticipate children. Spending for each group at different ages was …

intertemporal consumption behavior, produce inconsistent estimates of the effect of children on consumption if potentially binding … effect of children and a structural estimation strategy when households face constraints. Finally, I estimate the effect of … children on consumption using the Panel Study of Income Dynamics (PSID) for the US and high quality Danish administrative …

The children’s influence on the parent’s buying behavior as well as on the family budget was neglected in the past. In … today’s modern lifestyles, dominated by technological devices and digital media, children are greatly exposed to ads and …, taking into account that children are exposed to digital media unattended and most of the time conditioned by their parents …