The macroeconomics of fertility in small open economies: A test of the Becker-Barro model for The Netherlands and New Zealand
AbstractBecker and Barro (1988) formulated a theoretical model which identified a range of macroeconomic variables which can temporarily or permanently affect fertility in small open economies. This article tests the Becker-Barro model with relevant data which covers most of the 20th century for two small open economies, namely The Netherlands and New Zealand. The results show that government subsidies for having children have a strong positive effect on fertility, while the provision of public pensions has a strong negative effect. The degree of intergenerational altruism appears to have been declining. Moreover, there is only weak support for the hypothesis that real interest rates positively influence fertility.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 14 (2001)
Issue (Month): 1 ()
Note: Received: 2 March 1998/Accepted: 1 September 1999
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Web page: http://link.springer.de/link/service/journals/00148/index.htm
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Find related papers by JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
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- George Hondroyiannis, 2009.
"Fertility Determinants and Economic Uncertainty:An Assessment Using European Panel Data,"
96, Bank of Greece.
- George Hondroyiannis, 2010. "Fertility Determinants and Economic Uncertainty: An Assessment Using European Panel Data," Journal of Family and Economic Issues, Springer, vol. 31(1), pages 33-50, March.
- John Janssen, 2002. "Long-term fiscal projections and their relationship with the intertemporal budget constraint: An application to New Zealand," Treasury Working Paper Series 02/05, New Zealand Treasury.
- Ralph Lattimore & Clinton Pobke, 2008. "Recent Trends in Australian Fertility," Staff Working Papers 0806, Productivity Commission, Government of Australia.
- Löfström, Åsa & Westerberg, Thomas, 2006. "Variations in Fertility - a Consequense of Other Factors Besides Love?," UmeÃ¥ Economic Studies 681, Umeå University, Department of Economics.
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