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An Econometric Analysis of the Old-Age Security Motive for Childbearing

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  • Jensen, Eric R

Abstract

A switching regression for birth interval lengths with endogenous switching is developed to test Mead Cain's contention that parents' fertility decisions arise from lexicographic preferences for old-age security. The model is estimated as a survival model using Malaysian data. Assuming that contraceptors constitute the group of parents who have attained the minimal number of children with which they feel their old-age support is secure, strong support for Cain's concept of old-age security as the principal interest of those parents who have not yet attained a sufficient number of children appears in these data. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Bibliographic Info

Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.

Volume (Year): 31 (1990)
Issue (Month): 4 (November)
Pages: 953-68

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Handle: RePEc:ier:iecrev:v:31:y:1990:i:4:p:953-68

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Cited by:
  1. Sinn, Hans-Werner, 2004. "The pay-as-you-go pension system as fertility insurance and an enforcement device," Munich Reprints in Economics 19606, University of Munich, Department of Economics.
  2. Hans-Werner Sinn, 1998. "The Pay-As-You-Go Pension System as a Fertility Insurance and Enforcement Device," NBER Working Papers 6610, National Bureau of Economic Research, Inc.
  3. Mohamed Jellal & Francois-Charles Wolff, 2002. "Insecure old-age security," Oxford Economic Papers, Oxford University Press, vol. 54(4), pages 636-648, October.
  4. Vicki Knoblauch, 2003. "Continuous Lexicographic Preferences," Working papers 2003-31, University of Connecticut, Department of Economics.
  5. Knoblauch, Vicki, 2000. "Lexicographic orders and preference representation," Journal of Mathematical Economics, Elsevier, vol. 34(2), pages 255-267, October.
  6. Alberto Basso & David Cuberes, 2013. "Fertility and Financial Development: Evidence from U.S. Counties in the 19th Century," Working Papers 2013011, The University of Sheffield, Department of Economics.
  7. Luciano Fanti, 2012. "Endogenous labour supply, habits and aspirations," Discussion Papers 2012/144, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  8. Morand, Olivier F, 1999. " Endogenous Fertility, Income Distribution, and Growth," Journal of Economic Growth, Springer, vol. 4(3), pages 331-49, September.
  9. Anu Rammohan, 2000. "The Interaction of Child-labour and Schooling in Developing Countries: A Theoretical Perspective," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 25(2), pages 85-99, December.
  10. Marek Loužek, 2007. "Pension Reform in the Czech Republic - A Contribution into the Debate," Prague Economic Papers, University of Economics, Prague, vol. 2007(1), pages 55-69.
  11. Kudo, Yuya, 2012. "Marriage as women's old age insurance : evidence from migration and land inheritance practices in rural Tanzania," IDE Discussion Papers 368, Institute of Developing Economies, Japan External Trade Organization(JETRO).
  12. Luciano Fanti & Luca Gori, 2012. "Public Expenditure on Health and Private Old-Age Insurance in an OLG Growth Model with Endogenous Fertility: Chaotic Dynamics Under Perfect Foresight," Computational Economics, Society for Computational Economics, vol. 40(4), pages 333-353, December.
  13. Kai Zhao, 2009. "Social Security, Differential Fertility, and the Dynamics of the Earnings Distribution," UWO Department of Economics Working Papers 20091, University of Western Ontario, Department of Economics.
  14. Michele Boldrin & Larry E. Jones, 2002. "Mortality, Fertility, and Saving in a Malthusian Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 775-814, October.
  15. Anu Rammohan, 2001. "Development of financial capital markets and the role of children as economic assets," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(1), pages 45-58.
  16. Seebens, Holger, 2009. "The contribution of female non-farm income to poverty reduction," 2009 Conference, August 16-22, 2009, Beijing, China 51762, International Association of Agricultural Economists.
  17. Mun Lai, 2012. "When having many children pays: a case study from Taiwan," Journal of Population Economics, Springer, vol. 25(1), pages 323-348, January.

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