Endogenous fertility in a model with non-dynastic parental altruism
Robert Kollmann ()
Journal of Population Economics, 1997, vol. 10, issue 1, 87-95
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.
Keywords: Fertility; ·; consumption; ·; bequest; equilibrium; ·; altruism; ·; non-dynastic; preferences. (search for similar items in EconPapers)
JEL-codes: J13 J11 D90 (search for similar items in EconPapers)
Note: Received August 17, 1995/Accepted October 20, 1996
References: Add references at CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
http://link.springer.de/link/service/journals/0014 ... 10001/70100087.ps.gz (application/postscript)
Access to the full text of the articles in this series is restricted
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:jopoec:v:10:y:1997:i:1:p:87-95
Ordering information: This journal article can be ordered from
http://www.springer. ... tion/journal/148/PS2
Access Statistics for this article
Journal of Population Economics is currently edited by K.F. Zimmermann
More articles in Journal of Population Economics from Springer, European Society for Population Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().