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An Econometric Analysis of the Old-Age Security Motive for Childbearing

  • Jensen, Eric R

A switching regression for birth interval lengths with endogenous switching is developed to test Mead Cain's contention that parents' fertility decisions arise from lexicographic preferences for old-age security. The model is estimated as a survival model using Malaysian data. Assuming that contraceptors constitute the group of parents who have attained the minimal number of children with which they feel their old-age support is secure, strong support for Cain's concept of old-age security as the principal interest of those parents who have not yet attained a sufficient number of children appears in these data. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.

Volume (Year): 31 (1990)
Issue (Month): 4 (November)
Pages: 953-68

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Handle: RePEc:ier:iecrev:v:31:y:1990:i:4:p:953-68
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