Fertility, the Quality of Children and Economic Growth

Chou, Chi-Chu

doi:1998.13.2.255

Journal of Economic Integration 1998 June;13(2) :255-275.
DOI: https://doi.org/10.11130/jei.1998.13.2.255

Fertility, the Quality of Children and Economic Growth

Chi-Chu Chou

Feng-Chia University

ABSTRACT

This paper develops a theory of the fertility choice that focus on the shadow price of the quality of children and fertility rate within a framework of long term economic growth. The analysis also links the shadow price of quality with the interaction between fertility and economic growth. Through the choice of per child quality within family, the analysis contributes to narrowing the many remaining gaps between endogenous family decisions on fertility and aggregate economic growth. (JEL Classification: J13, J24, O10, O49)