Fertility in the absence of self-control

Wigniolle, Bertrand

Fertility in the absence of self-control

Abstract: This paper studies the quantity-quality trade-off model of fertility, under the assumption of hyperbolic discounting. It shows that the lack of self-control may play a different role in a developed economy and in a developing one. In the first case, characterized by a positive investment in quality, the lack of self-control may tend to reduce fertility. In the second case, it is possible that the lack of self-control leads to both no investment in quality and a higher fertility rate. It is also proved that if parents cannot commit on their investment in quality, a small change of parameters may lead to a jump in fertility and education.

Keywords: endogenous fertility; quasi-hyperbolic discounting (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-gro and nep-neu
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00823264v1
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Citations: View citations in EconPapers (4)

Published in Mathematical Social Sciences, 2013, pp.71-86. ⟨10.1016/j.mathsocsci.2013.02.001⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00823264

DOI: 10.1016/j.mathsocsci.2013.02.001

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