PESTIEAU, Pierre; PONTHIERE, Grégory - Center for Operations Research and Econometrics (CORE), … - 2012
Parenthood postponement is a key demographic trend of the last three decades. In order to rationalize that stylized fact, we extend the canonical model by Barro and Becker (1989) to include two - instead of one - reproduction periods. We examine how the cost structure of early and late children...