Endogenous fertility in a model with non-dynastic parental altruism
AbstractA model of fertility choice is studied in which the utility of parents depends on how much they consume, on how many children they have and on the consumption of their children. Hence, parents are altruistic towards their children, but in a more limited sense than in the much discussed dynastic fertility model presented by Becker and Barro (1988). The concept of a (subgame perfect) bequest equilibrium is used to solve the non-dynastic model considered here. The steady state birth rate is lower in the non-dynastic model than in the Becker-Barro model. However, the key qualitative predictions concerning the dynamic behavior of fertility are strikingly similar in both models. JEL classification: J13, J11, D90.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 10 (1997)
Issue (Month): 1 ()
Note: Received August 17, 1995/Accepted October 20, 1996
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00148/index.htm
More information through EDIRC
Find related papers by JEL classification:
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- D90 - Microeconomics - - Intertemporal Choice - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alessandro Cigno, 2003.
"The Political Economy of Intergenerational Cooperation,"
CHILD Working Papers
wp05_03, CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY.
- Cigno, Alessandro, 2006. "The political economy of intergenerational cooperation," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
- Alessandro Cigno, 2005. "The Political Economy of Intergenerational Cooperation," CESifo Working Paper Series 1632, CESifo Group Munich.
- Jason Shogren, 2002. "Valuing Indirect Effects From Environmental Hazards On A Child’s Life Chances," NCEE Working Paper Series 200209, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Sep 2002.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.