-specific commodities, etc.) are examined within the context of a household economics model with fertility choice. The simultaneous … consideration of child benefits and commodity taxes in the presence of endogenous fertility yields some remarkable results. One is …

fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor … supply. The optimum share of fertility-related pensions is always below unity, but generally positive. The former is true … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation. …