Title
Fertility, Mortality, and Human Capital Investment: Can Parental Altruism Explain CrossCountry Differences in Fertility?,Used
Delivery time: 8-12 business days (International)
Previous versions of the dynastic (parental altruism) model failed to explain the positive relationship between mortality and fertility in the data. This is due to the assumption that unit child costs decease with infant mortality and parents care for the number of children born. I contest that fertility decision is dependent on the number of surviving children and not the number of children born. Essentially, higher childhood survival requires fewer children (i.e. less hoarding) in order to ensure the desired family size. I find that a simple reformulation of the BeckerBarro altruism hypothesis successfully explains fertility differences across countries. I calibrate an infinitelylived, overlappinggenerations, dynastic utility model and compare the fertility predictions of the baseline model with the data for the year 2000. The steady state analysis of this model can explain over 62% of the crosscountry variation, while mortality rates alone can explain 1025%. The model generally performs better for . While the model tends to perform well for low survival, high fertility countries and vice versa, more needs to be done to explain fertility in the transition economies.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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