Internalizing fertility and education externalities on capital returns
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DOI: 10.1007/s00199-017-1062-z
Abstract: This paper explains, first, that, since households disregard the impact in the aggregate of their fertility and education choices on the return to their own savings, the market does not implement the mix of population… read more here.
Keywords: fertility education; internalizing fertility; education externalities; planner ... See more keywords