It is generally accepted that lower population growth is associated with positive economic development. Although there is a large body of literature supporting this hypothesis at the macro level, few studies have analyzed the causal effect of fertility on household welfare at the micro level. In...

Inequality has risen in many countries over the last two decades, especially in the transition economies, but also in many developing and developed economies. This is disturbing since little progress can be made in poverty reduction when inequality is high and rising. Moreover, contrary to...