This document summarizes a study that uses an overlapping generations model to evaluate the welfare and economic effects of raising fertility rates. The model considers both private and public costs and gains of increasing birth rates. It analyzes scenarios where the target fertility rate is increased from 1.4 to up to 2.1, considering adjustments on the intensive margin (more kids per family) and extensive margin (less childless families). The results show that while higher fertility leads to small positive fiscal effects, it universally leads to negative but small welfare effects. The impacts depend on how the higher fertility is distributed across families.