TY - JOUR
T1 - Financial incentives and fertility
AU - Cohen, Alma
AU - Dehejia, Rajeev
AU - Romanov, Dmitri
PY - 2013
Y1 - 2013
N2 - Using panel data on over 300,000 Israeli women from 1999 to 2005, we exploit variation in Israel's child subsidy to identify the impact of changes in the price of a marginal child on fertility. We find a positive, statistically significant, and economically meaningful price effect on overall fertility and, consistent with Becker (1960) and Becker and Tomes (1976), a small effect of income on fertility, which is negative at low and positive at high income levels. We also find a price effect on fertility among older women, suggesting that part of the overall effect is due to a reduction in total fertility.
AB - Using panel data on over 300,000 Israeli women from 1999 to 2005, we exploit variation in Israel's child subsidy to identify the impact of changes in the price of a marginal child on fertility. We find a positive, statistically significant, and economically meaningful price effect on overall fertility and, consistent with Becker (1960) and Becker and Tomes (1976), a small effect of income on fertility, which is negative at low and positive at high income levels. We also find a price effect on fertility among older women, suggesting that part of the overall effect is due to a reduction in total fertility.
UR - http://www.scopus.com/inward/record.url?scp=84886002979&partnerID=8YFLogxK
U2 - 10.1162/REST_a_00342
DO - 10.1162/REST_a_00342
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AN - SCOPUS:84886002979
SN - 0034-6535
VL - 95
SP - 1
EP - 20
JO - Review of Economics and Statistics
JF - Review of Economics and Statistics
IS - 1
ER -