IDEAS home Printed from https://ideas.repec.org/p/phd/pjdevt/pjd_2005_vol__xxxii_no__2-a.html
   My bibliography  Save this paper

Impact of Children on Household Savings in the Philippines

Author

Listed:
  • Orbeta, Aniceto Jr. C. Author_Email:

Abstract

Household savings are important indicators of family welfare, not only in terms of a household's investment and income generation prospects, but also, and perhaps more importantly--given pervasive borrowing constraints and limited social security coverage--in terms of its ability to secure protection from income shortfalls. This article examines the relationship between household savings and family size. It also provides descriptive and multivariate evidence on the relationship of household savings and family size. It likewise uses a recent nationally representative household survey in the analysis. The results show that, on average, the impact of additional children on household savings is both negative and regressive.

Suggested Citation

  • Orbeta, Aniceto Jr. C. Author_Email:, "undated". "Impact of Children on Household Savings in the Philippines," Philippine Journal of Development pjd_2005_vol__xxxii_no__2, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:pjd_2005_vol__xxxii_no__2-a
    DOI: https://doi.org/10.62986/pjd2005.32.2a
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/philippine-journal-of-development/impact-of-children-on-household-savings-in-the-philippines
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.62986/pjd2005.32.2a?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David N. Weil, 1994. "The Saving of the Elderly in Micro and Macro Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(1), pages 55-81.
    2. Aniceto C. Orbeta, 2006. "Poverty, Vulnerability and Family Size: Evidence from the Philippines," Chapters, in: John Weiss & Haider A. Khan (ed.), Poverty Strategies in Asia, chapter 6, Edward Elgar Publishing.
    3. Gersovitz, Mark, 1988. "Saving and development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 10, pages 381-424, Elsevier.
    4. Jungmin Lee, 2008. "Sibling size and investment in children’s education: an asian instrument," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(4), pages 855-875, October.
    5. James Smith & Michael Ward, 1980. "Asset Accumulation And Family Size," Demography, Springer;Population Association of America (PAA), vol. 17(3), pages 243-260, August.
    6. Stock, James H & Wright, Jonathan H & Yogo, Motohiro, 2002. "A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(4), pages 518-529, October.
    7. Martin Browning & Annamaria Lusardi, 1996. "Household Saving: Micro Theories and Micro Facts," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1797-1855, December.
    8. Orazio P. Attanasio & Agar Brugiavini, 2003. "Social Security and Households' Saving," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(3), pages 1075-1119.
    9. Angrist, Joshua D & Evans, William N, 1998. "Children and Their Parents' Labor Supply: Evidence from Exogenous Variation in Family Size," American Economic Review, American Economic Association, vol. 88(3), pages 450-477, June.
    10. Paxson, Christina H, 1992. "Using Weather Variability to Estimate the Response of Savings to Transitory Income in Thailand," American Economic Review, American Economic Association, vol. 82(1), pages 15-33, March.
    11. Schultz, T. Paul, 2004. "Demographic Determinants of Savings: Estimating and Interpreting the Aggregate Association in Asia," Center Discussion Papers 28409, Yale University, Economic Growth Center.
    12. William Stinner & Paul Mader, 1975. "Sons, Daughters or Both?: An Analysis of Family Sex Composition Preferences in the Philippines," Demography, Springer;Population Association of America (PAA), vol. 12(1), pages 67-79, February.
    13. Allen C. Kelley, 1980. "Interactions of Economic and Demographic Household Behavior," NBER Chapters, in: Population and Economic Change in Developing Countries, pages 403-470, National Bureau of Economic Research, Inc.
    14. Mikesell, Raymond F & Zinser, James E, 1973. "The Nature of the Savings Function in Developing Countries: A Survey of the Theoretical and Empirical Literature," Journal of Economic Literature, American Economic Association, vol. 11(1), pages 1-26, March.
    15. Lall, Somik V. & Suri, Ajay & Deichmann, Uwe, 2005. "Household savings and residential mobility in informal settlements," Policy Research Working Paper Series 3596, The World Bank.
    16. Richard A. Easterlin, 1980. "Population and Economic Change in Developing Countries," NBER Books, National Bureau of Economic Research, Inc, number east80-1, March.
    17. De Vos, Susan, 1985. "An Old-Age Security Incentive for Children in the Philippines and Taiwan," Economic Development and Cultural Change, University of Chicago Press, vol. 33(4), pages 793-814, July.
    18. Hammer, Jeffrey S., 1986. "Children and savings in less developed countries," Journal of Development Economics, Elsevier, vol. 23(1), pages 107-118, September.
    19. Nerlove, Marc & Razin, Assaf & Sadka, Efraim, 1987. "Household and Economy," Elsevier Monographs, Elsevier, edition 1, number 9780125157520 edited by Shell, Karl.
    20. Leff, Nathaniel H, 1969. "Dependency Rates and Savings Rates," American Economic Review, American Economic Association, vol. 59(5), pages 886-896, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Orbeta, Aniceto Jr. C., 2006. "Children and Household Savings in the Philippines," Discussion Papers DP 2006-14, Philippine Institute for Development Studies.
    2. Quamrul H. Ashraf & David N. Weil & Joshua Wilde, 2013. "The Effect of Fertility Reduction on Economic Growth," Population and Development Review, The Population Council, Inc., vol. 39(1), pages 97-130, March.
    3. Aniceto C. Orbeta Jr., 2009. "Number of children and their education in Philippine households," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 46(2), pages 123-154, December.
    4. T. Paul Schultz, 2004. "Demographic Determinants of Savings: Estimating and Interpreting the Aggregate Association in Asia," Working Papers 901, Economic Growth Center, Yale University.
    5. Delwar Hossain, 2014. "Differential Impacts of Foreign Capital and Remittance Inflows on Domestic Savings in the Developing Countries: A Dynamic Heterogeneous Panel Analysis," Departmental Working Papers 2014-07, The Australian National University, Arndt-Corden Department of Economics.
    6. Miguel Sánchez-Romero, 2013. "The role of demography on per capita output growth and saving rates," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(4), pages 1347-1377, October.
    7. Neha Jain & Srinivas Goli, 2022. "Demographic change and private savings in India," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 24(1), pages 1-29, June.
    8. Gulnur MURADOGLU & Fatma TASKIN, 1996. "Differences In Household Savings Behavior: Evidence From Industrial And Developing Countries," The Developing Economies, Institute of Developing Economies, vol. 34(2), pages 138-153, June.
    9. Schultz, T. Paul, 2010. "Population and Health Policies," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4785-4881, Elsevier.
    10. Aniceto C. Orbeta, 2006. "Poverty, Vulnerability and Family Size: Evidence from the Philippines," Chapters, in: John Weiss & Haider A. Khan (ed.), Poverty Strategies in Asia, chapter 6, Edward Elgar Publishing.
    11. Orbeta, Aniceto Jr. C., 2005. "Children and the Labor Force Participation and Earnings of Parents in the Philippines," Discussion Papers DP 2005-20, Philippine Institute for Development Studies.
    12. Schultz, T. Paul, 2008. "Population Policies, Fertility, Women's Human Capital, and Child Quality," Handbook of Development Economics, in: T. Paul Schultz & John A. Strauss (ed.), Handbook of Development Economics, edition 1, volume 4, chapter 52, pages 3249-3303, Elsevier.
    13. repec:phd:pjdevt:pjd_2005_vol__xxxii_no__1-b is not listed on IDEAS
    14. Quamrul H. Ashraf & David N. Weil & Joshua Wilde, 2011. "The Effect of Fertility Reduction on Economic Growth," Center for Development Economics 2011-07, Department of Economics, Williams College, revised Feb 2013.
    15. Klaus Schmidt-Hebbel & Luis Servén, 1998. "World saving: trends and theories," Estudios de Economia, University of Chile, Department of Economics, vol. 25(2 Year 19), pages 191-215, December.
    16. Levenko, Natalia, 2020. "Perceived uncertainty as a key driver of household saving," International Review of Economics & Finance, Elsevier, vol. 65(C), pages 126-145.
    17. Bagus Arya Wirapati & Niken Astria Sakina Kusumawardhani, 2010. "Is ACFTA A Proper Strategy Of Sustainable Poverty Alleviation?: Proof From The Depletion Of Saving Rate," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 13(1), pages 75-102, July.
    18. Peng, Fei & Anwar, Sajid & Kang, Lili, 2022. "Number of siblings, access to treated water and returns to education in China," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 526-538.
    19. Sule Alan & Orazio Attanasio & Martin Browning, 2009. "Estimating Euler equations with noisy data: two exact GMM estimators," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(2), pages 309-324, March.
    20. Adriana D. Kugler & Santosh Kumar, 2017. "Preference for Boys, Family Size, and Educational Attainment in India," Demography, Springer;Population Association of America (PAA), vol. 54(3), pages 835-859, June.
    21. Olivia Bertelli, 2015. "The more the merrier? Adjusting fertility to weather shocks," PSE Working Papers halshs-01226421, HAL.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:pjdevt:pjd_2005_vol__xxxii_no__2-a. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Ralph M. Abrigo (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.