Full Citation

Title: Fertility Choice with Consumption Externalities

Citation Type: Miscellaneous

Publication Year: 2019

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Abstract: Consumption externalities have a non-linear association with fertility rates according to an empirical analysis of US micro-level data and panel data estimations for developed economies. In light of this evidence, we incorporate consumption externalities into the fertility-choice model and provide an analytical explanation for the patterns observed in the evolution of fertility. Speciically, accounting for consumption externalities helps explain the steep decline in fertility rates during the demographic transition and the recent stabilisation and reversal of the decline in fertility. Simulations based on the calibrated model closely replicate the observed crosscountry fertility patterns for developed economies. The endings connrm that consumption externalities are an important factor driving the evolution of fertility.

Url: https://www.researchgate.net/publication/332035759

User Submitted?: No

Authors: Dzhumashev, Ratbek; Tursunalieva, Ainura

Publisher: Monash University

Data Collections: IPUMS USA

Topics: Fertility and Mortality, Other

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