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The Value of Children: Intergenerati...

de Oliveira, Jaqueline Maria.

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The Value of Children: Intergenerational Transfers, Fertility, and Human Capital.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The Value of Children: Intergenerational Transfers, Fertility, and Human Capital./
Author:	de Oliveira, Jaqueline Maria.
Description:	99 p.
Notes:	Source: Dissertation Abstracts International, Volume: 74-11(E), Section: A.
Contained By:	Dissertation Abstracts International74-11A(E).
Subject:	Economics, Labor. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3571916
ISBN:	9781303297090

The Value of Children: Intergenerational Transfers, Fertility, and Human Capital.
de Oliveira, Jaqueline Maria.

The Value of Children: Intergenerational Transfers, Fertility, and Human Capital. - 99 p.

Source: Dissertation Abstracts International, Volume: 74-11(E), Section: A.

Thesis (Ph.D.)--Yale University, 2013.

In this dissertation, I study the relationship between fertility and old-age support in developing countries. I present a two-period model in which parents decide on the quantity and the quality of children and savings during childbearing years and children decide on transfers to parents during parents' retirement years. Using this framework, I show that an exogenous increase in parents' fertility has an ambiguous effect on old-age transfers. On the one hand, total transfers increase due to the rise in the number of children, although each child transfers less as the number of siblings rises. On the other hand, the increase in fertility changes parents' optimal choices of human capital and savings. In particular, I show that the quantity-quality trade-off is weaker when old-age transfers take place. In the empirical analysis, I use individual-level data from China and Indonesia to test the model predictions. I exploit twinning in the first birth as a source of exogenous variation in the number of children and I find that households with twins have larger family sizes. Then, I show causal evidence that elder parents with more children receive more old-age transfers. Lower parental savings do not explain the latter effect. I find that children with more siblings make smaller transfers to parents. Parents respond to the increase in fertility by investing less in children's education. Despite children having lower human capital, the estimates indicate that parents with more children consume more during old age.

ISBN: 9781303297090Subjects--Topical Terms:

1019135
Economics, Labor.

The Value of Children: Intergenerational Transfers, Fertility, and Human Capital.
LDR:02401nam a2200277 4500 001 1960460
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008 150210s2013 ||||||||||||||||| ||eng d
020 $a 9781303297090
035 $a (MiAaPQ)AAI3571916
035 $a AAI3571916
040 $a MiAaPQ $c MiAaPQ
100 1 $a de Oliveira, Jaqueline Maria. $3 2096128
245 1 4 $a The Value of Children: Intergenerational Transfers, Fertility, and Human Capital.
300 $a 99 p.
500 $a Source: Dissertation Abstracts International, Volume: 74-11(E), Section: A.
500 $a Adviser: Mark Rosenzweig.
502 $a Thesis (Ph.D.)--Yale University, 2013.
520 $a In this dissertation, I study the relationship between fertility and old-age support in developing countries. I present a two-period model in which parents decide on the quantity and the quality of children and savings during childbearing years and children decide on transfers to parents during parents' retirement years. Using this framework, I show that an exogenous increase in parents' fertility has an ambiguous effect on old-age transfers. On the one hand, total transfers increase due to the rise in the number of children, although each child transfers less as the number of siblings rises. On the other hand, the increase in fertility changes parents' optimal choices of human capital and savings. In particular, I show that the quantity-quality trade-off is weaker when old-age transfers take place. In the empirical analysis, I use individual-level data from China and Indonesia to test the model predictions. I exploit twinning in the first birth as a source of exogenous variation in the number of children and I find that households with twins have larger family sizes. Then, I show causal evidence that elder parents with more children receive more old-age transfers. Lower parental savings do not explain the latter effect. I find that children with more siblings make smaller transfers to parents. Parents respond to the increase in fertility by investing less in children's education. Despite children having lower human capital, the estimates indicate that parents with more children consume more during old age.
590 $a School code: 0265.
650 4 $a Economics, Labor. $3 1019135
650 4 $a Sociology, Demography. $3 1020257
690 $a 0510
690 $a 0938
710 2 $a Yale University. $b Economics. $3 2093909
773 0 $t Dissertation Abstracts International $g 74-11A(E).
790 $a 0265
791 $a Ph.D.
792 $a 2013
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3571916