A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Hyperbolic discounting and fertility
Abstract This paper analyzes the impact of hyperbolic discounting on the timing and on the number of births. Using a simple three-period model, it shows that, without the opportunity to shift the burden of rearing children into the future, hyperbolic discounters will give birth to fewer children. If child-care costs can be shifted completely to later periods, the impact of hyperbolic discounting on births depends on the underlying motive for motherhood, namely, whether children are regarded as consumption or investment goods. A large-sample empirical analysis, which uses an inconsistent savings pattern as an indicator of time inconsistency, confirms the theoretical results.
Hyperbolic discounting and fertility
Abstract This paper analyzes the impact of hyperbolic discounting on the timing and on the number of births. Using a simple three-period model, it shows that, without the opportunity to shift the burden of rearing children into the future, hyperbolic discounters will give birth to fewer children. If child-care costs can be shifted completely to later periods, the impact of hyperbolic discounting on births depends on the underlying motive for motherhood, namely, whether children are regarded as consumption or investment goods. A large-sample empirical analysis, which uses an inconsistent savings pattern as an indicator of time inconsistency, confirms the theoretical results.
Hyperbolic discounting and fertility
Wrede, Matthias (author)
2009
Article (Journal)
Electronic Resource
English
RVK:
ELIB39
/
ELIB45
Local classification FBW:
oek 2608
BKL:
74.80
Demographie
/
83.31$jWirtschaftswachstum
/
74.80$jDemographie$XGeographie
/
83.31
Wirtschaftswachstum
Hyperbolic discounting and fertility
| Online Contents | 2009
Hyperbolic discounting in an intergenerational model with altruistic parents
| Online Contents | 2021
Greg Verhoef: Discounting to oblivion
Online Contents | 2010
AN INTRODUCTION TO SPATIAL DISCOUNTING
| Online Contents | 2001