This paper analyzes how differences in the composition of wealth between human and physical capital among families affect fertility choices. These in turn influence the dynamics of wealth and income inequality across generations through a tradeoff between quantity and quality of children. Wealth...

This paper studies how the composition of income between mothers and fathers affects fertility and schooling investments in children, using data from the 1976 and 1996 PNAD, a Brazilian household survey. Income composition affects the time cost of fertility because mothers and fathers allocate...