A Reformulation of the Economic Theory of Fertility
- 1 February 1988
- journal article
- review article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 103 (1) , 1-25
- https://doi.org/10.2307/1882640
Abstract
Altruistic parents choose fertility and consumption by maximizing a dynastic utility function. The maximization implies an arbitrage condition for conKeywords
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