undesirable, and where there is imperfect fertility control, leading to involuntary childlessness/parenthood. Using an equivalent … consumption approach in the consumption-fertility space, we first show that the identification of the worst-off individuals is not … robust to how the social evaluator fixes the reference fertility level. Adopting the ex post egalitarian social criterion …

the fertility technology. On the opposite, ex post egalitarianism always recommends marginal taxation. …

the fertility technology. On the opposite, ex post egalitarianism always recommends marginal taxation. …

Phelpsís (1961) Golden Rule states an unambiguous relationship between optimal capital intensity and fertility: a rise … in fertility decreases the optimal capital intensity, because a higher fertility increases the investment required to … having distinct fertility behaviors. We derive the optimal accumulation rule in that framework, and we show that, unlike what …