When having many children pays: a case study from Taiwan
AbstractThe objective of this paper is to investigate the direct financial cost and benefit of raising children during a demographic transition in Taiwan, and to examine whether fertility decline is consistent with Caldwell’s wealth flow theory, which states that fertility decline is caused by reduced benefits of children. The paper describes a method of estimating the average economic returns of children over the entire parental lifecycle, using a 42-year span of Taiwanese household and individual economic pseudo-panel data. Results show that returns to children may turn positive and are not highly negative all the time, as found in the previous literature. Copyright Springer-Verlag 2012
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 25 (2012)
Issue (Month): 1 (January)
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Find related papers by JEL classification:
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- D10 - Microeconomics - - Household Behavior - - - General
- I2 - Health, Education, and Welfare - - Education
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