Bequests and the Size of Population When Population is Endogenous
探讨在个人效用取决于自身消费、子女数量和子女福利时，家庭间遗产和内生人口规模对最优与竞争均衡下人口规模和遗产的影响，发现竞争导致对未来世代投入不足，且子女数量过多。
The consequences of interfamily bequests and endogenous population size for optimal and competitive population sizes and bequests are explored when individuals' utility is a function of own consumption, the number of children, and the welfare of their children. When a bequest benefits each member of a second-generation family, we show that competition leads to underprovision for future generations. Under a separability assumption, the number of children is also shown to be too large.