The autors study the implications of the trade-off between child quality and child quantity for the efficiency of the rate of population growth. They show that if quantity and quality are inversely related then, even in the case of full altruism within the family, population growth is inefficiently high, if the family does not have, or does not choose to use, compensating instruments (for example, bequests are at a corner). In non-altruistic models this trade-off certaibly generates a population problem. The authors therefore prove that the repugnant conclusion is not only repugnant, it may be inefficient. However, we cannot expect intra-family contracting to resolve the inefficiency since it involves contracts which are not credible.
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|Date of creation:||1998|
|Contact details of provider:|| Postal: FACULTE UNIVERSITAIRE NOTRE-DAME DE LA PAIX, FACULTE DES SCIENCES ECONOMIQUES ET SOCIALES, RUE DE BRUXELLES NAMUR FRANCE.|
Web page: http://www.fundp.ac.be/facultes/eco/
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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.:
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- Rosenzweig, Mark R & Wolpin, Kenneth I, 1980. "Testing the Quantity-Quality Fertility Model: The Use of Twins as a Natural Experiment," Econometrica, Econometric Society, vol. 48(1), pages 227-240, January.
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- Paul M. Romer, 1987. "Crazy Explanations for the Productivity Slowdown," NBER Chapters, in: NBER Macroeconomics Annual 1987, Volume 2, pages 163-210 National Bureau of Economic Research, Inc.
- Gary S. Becker, 1960. "An Economic Analysis of Fertility," NBER Chapters, in: Demographic and Economic Change in Developed Countries, pages 209-240 National Bureau of Economic Research, Inc.
- John BROOME, 1992. "The Value of Living," Discussion Papers (REL - Recherches Economiques de Louvain) 1992021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Hanushek, Eric A, 1992. "The Trade-Off between Child Quantity and Quality," Journal of Political Economy, University of Chicago Press, vol. 100(1), pages 84-117, February.
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