This paper places itself at the intersection between the literature on "Demeny voting" (the proposal of letting custodial parents exercise their children's voting rights until they come of age) and the vast literature on formal models with endogenous fertility that address the problem of fiscal...

We show analytically that the credibility problem which has affected the European Stability Pact originates from the insufficient distinction between two reasons for having binding fiscal constraints. The first reason deals with the governments’ tendency to neglect the effects of their fiscal...