Chapter 6 notes

Improved womens education role and status o female

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Unformatted text preview: een population growth and levels of income per capital income • Better model: microeconomics of family size focuses on a individual choice and not aggregate variables Microeconomics household models • Household theory of fertility • The demand for children in developing countries o First two or three as “consumer goods” o Additional children as “investment goods” to: §༊ Work on family farm, microenterprise §༊ Provide old age security • Under standard conditions we would expect: o The higher the household income, the greater the demand for children o The higher the net price of children, the lower quantity demanded o The higher the prices of all other goods relative to children, the greater quantity of children demanded o The greater the strength of tastes for goods relative to children, the fewer children demanded • Empirical results: fertility may be lowered with o Improved women’s education, role and status o Female nonagricultural wage employment o Rise in family income levels through shared growth o Reduction in infant mortality, better health care o Development of old- age and social security plans o Expanded schooling...
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This document was uploaded on 04/10/2014.

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