Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing …-productivity profiles and pension systems can explain the exception. Fertility-promoting policies will always ease the public finance …

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 …

To design an optimal education policy, it is essential to account for the fertility differential between the poor and … the rich because it affects the human capital investment through the child quantity-quality tradeoff of children. We … economy. It is very important to consider general equilibrium effects because the change in either fertility behavior or …

of it was intended to illuminate issues of compelling policy importance, such as declining fertility and population aging …