Endogenous fertility, altruistic behavio
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Aloys Prinz
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Article
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1990
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Springer
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English
โ 688 KB
The present paper explores the impact of an intergenerational externality on private fertility decisions, under a pay-as-you-go social security system. The analysis is performed in the framework of a steady state growth model, with overlapping generations. To explain why households have children, al