Are children substitutes for assets? Evidence from Bangladesh

Ummul Ruthbah

Journal of Development Effectiveness, 2023, vol. 15, issue 4, 389-405

Abstract: In many developing countries, children are viewed as a source of old-age insurance. They help parents to smooth consumption by sending remittances when the parents are old and have relatively low income. The paper presents a model where asset accumulation and children are substitutes. Using a family planning programme as an instrument for fertility it shows that households exposed to the programme have (0.86) lower fertility and $994 worth of more assets than those who were not exposed to the programme.

Date: 2023
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DOI: 10.1080/19439342.2022.2111588

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