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
Mots-clés
- Endogenous fertility
- Quasi-hyperbolic discounting
Pages
- 71-86
URL de la notice HAL
Version
- 1