NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data

Abhijit Banerjee, Xin Meng, Tommaso Porzio, Nancy Qian

NBER Working Paper No. 20050
Issued in April 2014

---- Acknowledgements -----

We thank Mark Aguiar, Paco Buera, Nicolas Ceourdacier, Oded Galor, Mikhail Golosov, Hui He, Jonathan Heathcote, Nobu Kiyotaki, Samuel Kortum, David Lagakos, Costas Meghir, Benjamin Moll, Michael Peters, B. Ravikumar, Mark Rosenzweig, Ananth Seshadri, Todd Schoelman, Yongs Shin, Michael (Zheng) Song, Kjetil Storesletten, Gustavo Ventura, Shangjin Wei, David Weil and Fabrizio Zilibotti for their insights; the participants at the Yale Development Lunch, Yale Macro Lunch, EIEF Lunch Seminar, the conference on Human Capital and Development at the Washington University of St. Louis, the NBER Summer Institute Income Distribution and Macroeconomics, Conference of "China and the West 1950-2050: Economic Growth, Demographic Transition and Pensions" in Zurich, the Symposium on China's Financial Markets, and the NBER China Workshop for comments; and Yu Liu, Jeff Weaver and Xiaoxue Zhao for excellent research assistance. We acknowledge ARC Linkage Grant LP0669728 for funding the RUMiC survey. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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