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Cited by 1,374

The DOI matches its Crossref record.

A Reformulation of the Economic Theory of Fertility

Becker, Gary S., Barro, Robert J.·1988·The Quarterly Journal of Economics
DOI 10.2307/1882640
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Abstract

Altruistic parents choose fertility and consumption by maximizing a dynastic utility function. The maximization implies an arbitrage condition for consumption across generations, and equality between the benefit from an extra child and the child-rearing cost. These conditions imply that fertility in open economies depends positively on the world's long-term real interest rate, the degree of altruism, and the growth of child-survival probabilities; and negatively on the rate of technical progress and the growth rate of social security. The growth of per capita consumption across generations depends on changes in the child-rearing cost, but not on interest rates or time preference.

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Metadata

Authors
Becker, G. S., & Barro, R. J.
Venue
The Quarterly Journal of Economics
Publisher
Oxford University Press (OUP)
Published
1988-02
Volume
103
Issue
1
Pages
1
ISSN
0033-5533 (ISSN-L)
DOI
10.2307/1882640
OpenAlex
W2104095103
Cited by
1,374
References
0
FWCI
19.45
Type
journal article
Language
en
Open access
closed

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.