{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chapter 6 notes

Improved womens education role and status o female

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}