Asset Accumulation And Family Size
Utilizing panel data on families, estimates are made of the effects of children on asset accululation, asset composition, consumption, and family income. Young children are found to depress savings for young families but to increase savings for marriages of duration greater than five years. The principal channel through which children act to reduce savings is the decline in female earnings associated with the child- induced withdrawal of wives from the labor force. Family consumption actually decreases with the birth of a child, but this reduction is insufficient, for young families, to offset the fall in income. For families in which the wife does not work the estimates suggest that savings may actually increase with children.
(This abstract was borrowed from another version of this item.)
Volume (Year): 17 (1980)
Issue (Month): 3 (August)
|Contact details of provider:|| Web page: http://www.springer.com/economics/journal/13524|
|Order Information:||Web: http://link.springer.de/orders.htm|
References listed on IDEAS
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.:
- Michael R. Darby, 1975.
"The Consumer Expenditure Function,"
NBER Working Papers
0079, National Bureau of Economic Research, Inc.
- Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
- Smith, James P, 1979.
"The Distribution of Family Earnings,"
Journal of Political Economy,
University of Chicago Press, vol. 87(5), pages 163-92, October.
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, July.
When requesting a correction, please mention this item's handle: RePEc:spr:demogr:v:17:y:1980:i:3:p:243-260. See general 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: (Sonal Shukla)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.