Fertility in the absence of self-control

Article dans une revue: This paper studies the quantity-quality trade-off model of fertility, under the assumption of hyperbolic discounting. It shows that the lack of self-control may play a different role in a developed economy and in a developing one. In the first case, characterized by a positive investment in quality, the lack of self-control may tend to reduce fertility. In the second case, it is possible that the lack of self-control leads to both no investment in quality and a higher fertility rate. It is also proved that if parents cannot commit on their investment in quality, a small change of parameters may lead to a jump in fertility and education.

Auteur(s)

Bertrand Wigniolle

Revue
  • Mathematical Social Sciences
Date de publication
  • 2013
Mots-clés JEL
I20 J13
Mots-clés
  • Endogenous fertility
  • Quasi-hyperbolic discounting
Pages
  • 71-86
Version
  • 1