• Table of Contents
    • Abstract
    • Keywords
    • Article
      • Malthus's framework for the pre-industrial demographic–economic equilibrium
      • Microeconomic models of fertility behaviour
      • Identifying the effect of fertility on the welfare of families and society
      • Conclusions and research challenges
    • See Also
    • Bibliography
    • How to cite this article

fertility in developing countries

T. Paul Schultz
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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The associations between fertility and outcomes in the family and society have been treated as causal, but this is inaccurate if fertility is a choice coordinated by families with other life-cycle decisions, including labour supply of mothers and children, child human capital, and savings. Estimating how exogenous changes in fertility that are uncorrelated with preferences or constraints affect others depends on our specifying a valid instrumental variable for fertility. Twins have served as such an instrument and confirm that the cross-effects of fertility estimated on the basis of this instrument are smaller in absolute value than their associations.
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How to cite this article

Schultz, T. Paul. "fertility in developing countries." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 11 December 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_F000287> doi:10.1057/9780230226203.0560

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