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Endogenous fertility in a model with non-dynastic parental altruism

Author

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  • Robert Kollmann

    () (UFR Sciences Economiques, UniversitÊ de Grenoble 2, BP 47, F-38040 Grenoble Cedex 9, France)

Abstract

A model of fertility choice is studied in which the utility of parents depends on how much they consume, on how many children they have and on the consumption of their children. Hence, parents are altruistic towards their children, but in a more limited sense than in the much discussed dynastic fertility model presented by Becker and Barro (1988). The concept of a (subgame perfect) bequest equilibrium is used to solve the non-dynastic model considered here. The steady state birth rate is lower in the non-dynastic model than in the Becker-Barro model. However, the key qualitative predictions concerning the dynamic behavior of fertility are strikingly similar in both models. JEL classification: J13, J11, D90.

Suggested Citation

  • Robert Kollmann, 1997. "Endogenous fertility in a model with non-dynastic parental altruism," Journal of Population Economics, Springer;European Society for Population Economics, vol. 10(1), pages 87-95.
  • Handle: RePEc:spr:jopoec:v:10:y:1997:i:1:p:87-95
    Note: Received August 17, 1995/Accepted October 20, 1996
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    Citations

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    Cited by:

    1. Cigno, Alessandro, 2006. "The political economy of intergenerational cooperation," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
    2. Jason Shogren, 2002. "Valuing Indirect Effects From Environmental Hazards On A Child’s Life Chances," NCEE Working Paper Series 200209, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Sep 2002.
    3. DELOGU Marco & DOCQUIER Frédéric & MACHADO Joël, 2017. "Globalizing labor and the world economy: the role of human capital," LISER Working Paper Series 2017-16, LISER.

    More about this item

    Keywords

    Fertility · consumption · bequest equilibrium · altruism · non-dynastic preferences.;

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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