Baby Busts and Baby Booms: The Fertility Response to Shocks in Dynastic Models
---- Acknowledgements -----
The authors thank the National Science Foundation, Grant SES-0962432, and the ESRC Centre for Population Change for financial support. We also thank Michele Boldrin, V.V. Chari, Simona Cociuba, Martin Gervais, David Hacker, John Knowles, Ellen McGrattan, Thomas Sargent, Henry Siu, Michele Tertilt for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.