In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in the form of bequest and transfers from...

This paper studies the intertemporal relationships among population growth, income distribution, inter-generational social mobility, skill composition of the labor force, and household income in an overlapping generations general equilibrium model that aggregates household decisions regarding...