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Social capital, human capital and fertility

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Figure

Figure 1 shows the location of the solutions to the first order conditions
Figure 2: The mechanism leading to the birth of two steady states whenthe productivity of social participation is high (Bh > B), or no steady statewhen the productivity of social participation is low (Bl < B).
Figure 3: Time evolution of: total expenditure in education over the parentalincome (the ratio between physical and human capital (per agent in the adulthood)vshet); the growth rate of human capital (ght); the social capital Kst;t; the number of children nt and the time devoted to social participation lt.
Figure 4: Time evolution of: total expenditure in education over the parentalincome (the ratio between physical and human capital (per agent in the adulthood)vshet); the growth rate of human capital (ght); the social capital Kst;t; the number of children nt and the time devoted to social participation lt.

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