Children are costly, but raising them may pay: The economic approach to fertility

by Martin Werding
Demographic Research Vol. 30, Article 8, pp. 253-276 – Published 24 January 2014

26 pp. 479 kB:
http://www.demographic-research.org/volumes/vol30/8/30-8.pdf

This article provides a non-technical introduction to analyses of fertility which are based on a rational-choice paradigm and which acknowledge that raising children may have a strong impact on the well-being of parents that can be described in terms of costs and benefits. It surveys different types of economic fertility models which can be used to address a variety of research questions, and it also discusses some basic strengths and weaknesses of applying economic analyses in this particular field.

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