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Endogenous fertility in a model with non-dynastic parental altruism

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Author Info

  • Robert Kollmann

    () (UFR Sciences Economiques, UniversitÊ de Grenoble 2, BP 47, F-38040 Grenoble Cedex 9, France)

Abstract

A 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.

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Bibliographic Info

Article provided by Springer in its journal Journal of Population Economics.

Volume (Year): 10 (1997)
Issue (Month): 1 ()
Pages: 87-95

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Handle: RePEc:spr:jopoec:v:10:y:1997:i:1:p:87-95

Note: Received August 17, 1995/Accepted October 20, 1996
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Related research

Keywords: Fertility · consumption · bequest equilibrium · altruism · non-dynastic preferences.;

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Cited by:
  1. Alessandro Cigno, 2003. "The Political Economy of Intergenerational Cooperation," CHILD Working Papers wp05_03, CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY.
  2. 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.

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