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

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Author Info
Jensen, Eric R

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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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Publisher 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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  1. Hans-Werner Sinn, 1998. "The Pay-as-you-go Pension System as a Fertility Insurance and Enforcement Device," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  2. Anu Rammohan, 1998. "Old-Age Security Versus Current Consumption: The Forgotten Role of Child Labour," Working Papers 9806, University of Sydney, Department of Economics. [Downloadable!]
  3. Sinn, Hans-Werner, 2004. "The pay-as-you-go pension system as fertility insurance and an enforcement device," Discussion Papers in Economics 938, University of Munich, Department of Economics. [Downloadable!]
  4. 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. [Downloadable!] (restricted)
  5. Vicki Knoblauch, 2003. "Continuous Lexicographic Preferences," Working papers 2003-31, University of Connecticut, Department of Economics. [Downloadable!]
    Other versions:
  6. 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. [Downloadable!]
  7. K Blackburn & G P Cipriani, 2002. "Intergenerational Transfers and Demographic Transition," Centre for Growth and Business Cycle Research Discussion Paper Series 14, Economics, The Univeristy of Manchester. [Downloadable!]
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