Complements versus Substitutes and Trends in Fertility Choice in Dynastic Models
---- Acknowledgements ----
We thank the National Science Foundation for financial support and Martin Gervais, John Knowles, Jeremy Lise, and Michèle Tertilt as well as seminar participants at SITE 2007, Vienna Macro Workshop 2007, NYU and CEMFI for their comments. We also thank Michael Bar and Oksana Leukhina for their valuable comments and for making their data available to us and Anderson Schneider for valuable research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.