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Welfare Economics of Endogenous Fertility
Front Cover; Household and Economy: Welfare Economics of Endogenous Fertility; Copyright Page; Dedication; Table of Contents; Preface; CHAPTER 1. Introduction; 1. Social Welfare Criteria; 2. Optimal Population Growth with Exogenous Fertility; 3. Endogenous Fertility: The New Home Economics -- 4. Where We Are Going; Notes; References; CHAPTER 2. Review of Welfare Economics; 1. Feasibility and Efficiency; 2. Competitive Equilibria; 3. The Relationship Between Pareto Efficiency and Competitive Equilibria; 4. Marginal Conditions for Pareto Efficiency and Competitive Equilibrium.
5. The Social Welfare Function6. Second-Best Redistributive Policies; Notes; References; CHAPTER 3. Economics of Externalities; 1. Introduction; 2. Pigouvian Corrective Pricing for Externalities in Consumption; 3. Public Goods; Notes; References; CHAPTER 4. The Traditional Theory of Household Behavior; 1. Utility Maximization, the Marshallian Demand Function and the Indirect Utility Function; 2. Some Properties of the Indirect Utility Function; 3. Hicks-Compensated Demand Functions and the Expenditure Function; 4. Some Properties of the Expenditure Function.
5. The Relationship between the Hicks-Compensated and the Marshallian Demand FunctionsAppendix: The Envelope Theorem; Notes; References; CHAPTER 5. Household Behavior with Endogenous Fertility; 1. A Generalized Model of Consumer Choice; 2. The Effect of Income on Fertility; 3. Conclusion; Notes; References; CHAPTER 6. Socially Optimal Population Size; 1. Criteria for Social Optima with Variable Population; 2. Individual Choice and Social Optima; 3. Optimal Population Policies; 4. An Infinite Horizon Model; 5. Conclusion; Notes; References; CHAPTER 7. Potential Market Failures.
1. Public Goods and Malthusian Fixed Land2. Efficiency with Infinite Overlapping Generations; Appendix; Notes; References; CHAPTER 8. Real Market Failures; 1. Bequest as a Public Good within Marriage; 2. Investment in Human and Physical Capital and Transfers among Siblings; Appendix; Notes; References; CHAPTER 9. Children as a Capital Good; 1. A Simple Model of the Old Age Security Hypothesis; 2. The Old Age Security Hypothesis Reconsidered: A Microeconomic Analysis; 3. The Old Age Security Hypothesis Reconsidered: A General Equilibrium Example; References.
CHAPTER 10. Intragenerational Income Distribution Policies1. Fixed Labor Supply; 2. A Model with Variable Labor Supply; Notes; References; Epilogue; 1. Tax and Transfer Policies; 2. Public Goods and Dynasty Taxes; 3. Intragenerational Income Distribution with Household Production and Endogenous Fertility; 4. Heterogeneous Family Preferences; 5. Uncertainty with Respect to Child Quality; Author Index; Subject Index.
Includes bibliographical references and indexes.
Household and Economy : Welfare Economics of Endogenous Fertility
Economic theory, econometrics, and mathematical economics