Fertility theories: can they explain the negative fertility-income relationship?


Jones, Larry E., Schoonbroodt, Alice and Tertilt, Michèle (2011) Fertility theories: can they explain the negative fertility-income relationship? In, Shoven, John B. (ed.) Demography and the Economy (National Bureau of Economic Research Conference Report). Chicago Ridge, US, University of Chicago Press, 43-100.

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Original Publication URL: http://www.nber.org/chapters/c8406.pdf

Description/Abstract

In this chapter we revisit the relationship between income and fertility. There is overwhelming empirical evidence that fertility is negatively related to income in most countries at most times. Several theories have been proposed in the literature to explain this somewhat puzzling fact. The most common one is based on the opportunity cost of time being higher for individuals with higher earnings. Alternatively, people might differ in their desire to procreate and accordingly some people invest more in children and less in market-specific human capital and thus have lower earnings. We revisit these and other possible explanations. We find that these theories are not as robust as is commonly believed. That is, several special assumptions are needed to generate the negative relationship. Not all assumptions are equally plausible. Such findings will be useful to distinguish alternative theories. We conclude that further research along these lines is needed.

Item Type: Book Section
ISBNs: 9780226754727 (hardback)
9780226754758 (electronic)
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Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HM Sociology
R Medicine > RG Gynecology and obstetrics
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 173863
Date Deposited: 08 Feb 2011 14:37
Last Modified: 27 Mar 2014 19:21
Publisher: University of Chicago Press
URI: http://eprints.soton.ac.uk/id/eprint/173863

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