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Dynamic microeconomic models of fertility choice: A survey

Author

Listed:
  • Cristino R. Arroyo

    (Department of International Economics, Johns Hopkins University, Nitze School of Advanced International Studies, 1740 Massachusetts Ave. NW, Washington, DC 20036-1984, USA (Fax:)

  • Junsen Zhang

    (Department of Economics, Chinese University of Hong Kong, Shatin, NT, Hong Kong (Fax:)

Abstract

We review existing approaches to the specification and estimation of dynamic microeconomic models of fertility. Dynamic fertility models explain the evolution of fertility variates over the life-cycle as the solution to a dynamic programming model involving economic choices. Dynamic models may be classified into structural and reduced-form models. Structural models generally require solution of the underlying dynamic programming problem. Reduced-form models, while based on a structural specification, do not. Recent innovations in estimation methodologies make both types practical and realistic alternatives to static models of lifetime fertility. JEL classification: J13, C41, C61

Suggested Citation

  • Cristino R. Arroyo & Junsen Zhang, 1997. "Dynamic microeconomic models of fertility choice: A survey," Journal of Population Economics, Springer;European Society for Population Economics, vol. 10(1), pages 23-65.
    • Handle: RePEc:spr:jopoec:v:10:y:1997:i:1:p:23-65
    Note: Received August 26, 1994/Accepted October 23, 1996
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    Keywords

    Fertility · dynamic micro models;

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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