A Reformulation of the Economic Theory of Fertility
AbstractAltruistic parents choose fertility and consumption by maximizing a dynastic utility f unction. The maximization implies an arbitrage condition for consumpt ion across generations and equality between the benefit from an extra child and the child-rearing cost. These conditions imply that fertil ity in open economies depends positively on the world's long-term rea l interest rate, the degree of altruism, and the growth of child-surv ival probabilities; and negatively on the rate of technical progress and the growth rate of social security. The growth of per capita cons umption across generations depends on changes in the child-rearing co st, but not on interest rates or time preference. Copyright 1988, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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 MIT Press in its journal Quarterly Journal of Economics.
Volume (Year): 103 (1988)
Issue (Month): 1 (February)
Contact details of provider:
Web page: http://mitpress.mit.edu/journals/
Other versions of this item:
- Gary S. Becker & Robert J. Barro, . "A Reformulation of the Economic Theory of Fertility," University of Chicago - Population Research Center 85-11, Chicago - Population Research Center.
- Gary S. Becker & Robert J. Barro, 1986. "A Reformulation of the Economic Theory of Fertility," NBER Working Papers 1793, National Bureau of Economic Research, Inc.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gary S. Becker & Nigel Tomes, 1976.
"Child Endowments, and the Quantity and Quality of Children,"
NBER Working Papers
0123, National Bureau of Economic Research, Inc.
- Becker, Gary S & Tomes, Nigel, 1976. "Child Endowments and the Quantity and Quality of Children," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages S143-62, August.
- Razin, Assaf & Ben-Zion, Uri, 1975. "An Intergenerational Model of Population Growth," American Economic Review, American Economic Association, vol. 65(5), pages 923-33, December.
- David E. Wildasin, 1989.
"Non-Neutrallity of Debt with Endogenous Fertility,"
Discussion Paper Serie A
241, University of Bonn, Germany.
- Eytan Sheshinski & Yoram Weiss, 1979.
"Inequality Within and Between Families,"
NBER Working Papers
0405, National Bureau of Economic Research, Inc.
- Feldstein, Martin S, 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 905-26, Sept./Oct.
- Becker, Gary S, 1974.
"A Theory of Social Interactions,"
Journal of Political Economy,
University of Chicago Press, vol. 82(6), pages 1063-93, Nov.-Dec..
- Summers, Lawrence H, 1981. "Capital Taxation and Accumulation in a Life Cycle Growth Model," American Economic Review, American Economic Association, vol. 71(4), pages 533-44, September.
- Barro, Robert J., 1974.
"Are Government Bonds Net Wealth?,"
3451399, Harvard University Department of Economics.
- Robert J. Willis, . "A Theory of the Equilibrium Interest Rate in an Overlapping Generations Model: Life Cycles, Institutions, and Population Growth," University of Chicago - Population Research Center 85-8, Chicago - Population Research Center.
- Behrman, Jere R & Pollak, Robert A & Taubman, Paul, 1982. "Parental Preferences and Provision for Progeny," Journal of Political Economy, University of Chicago Press, vol. 90(1), pages 52-73, February.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Mas NiÃ±os, MÃ¡s Pensiones
by J. Ignacio Conde-Ruiz in Nada Es Gratis on 2014-02-27 07:00:04
- Branislav údel autorom Kriteka: Nerume dôchodkovú reformu
by Kriteko in Kritická ekonómia on 2010-12-20 08:14:14
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If references are entirely missing, you can add them using this form.