Cordoba, Juan Carlos; Ripoll, Marla - Department of Economics, Iowa State University - 2014
Extensive evidence from cross-sectional data reveals a robust negative relationship betweenfamily income and fertility … fertility wouldbe independent of parental income. In this case, if the present value of a childÂ’s future incomeexceeds the cost … possible in order to maximize rents. A relationshipbetween fertility and income arises when parents are unable to leave debts …