The birth of children often shifts the power balance within a family. If family decisions are made according to the … birth of children may differ from the ex-ante optimal choice. In a model of cooperative decision making within a family, we … show that this time consistency problem leads to a systematic downward bias in fertility choices. By keeping fertility low …

decisions and intergenerational transfers are governed by self-enforcing family constitutions. We then show that first and …

Decisions concerning marriage, fertility, participation, and the education of children are explained using a two …-stage game-theoretical model. The paper examines the effects of (i) family law (cost of obtaining a divorce, alimony … fertility and female labour market participation, negative until the mid-1970s, has turned positive where developed, but not …

older siblings suggest that the policy affects the whole household, not just targeted family members. …

There has been little empirical work evaluating the sensitivity of fertility to financial incentives at the household … female participation and fertility, using individual data from the French Labor Force Survey and a fairly detailed … fertility decisions in France, both for the first and for the third child. As an example, an unconditional child benefit with a …

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. …

predicts lower future pensions to reduce fertility, while the “old-age security” to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are … consistent with “old-age security” even for contemporary fertility. …