Fertility and the Personal Exemption: Comment
---- Acknowledgements -----
We would like to thank Brigitte Madrian for generously providing access to one of the original data series. We would also like to thank participants in the Stanford Macro Bag Lunch, James Alm, Michael Boskin, Avraham Ebenstein, Peter Hansen, Matthew Holt, Mohitosh Kejriwal, Lutz Kilian, Elizabeth Peters, Monika Piazzesi, John Shoven, two anonymous referees and the editor, Robert Moffitt, for helpful comments. An earlier version of this paper circulated under the title "Fertility Response to the Tax Treatment of Children." The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.