The 'old age security hypothesis' reconsidered

Marc Nerlove*, Assaf Razin, Efraim Sadka

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

4 Scopus citations


That the introduction of a means for transferring present to future consumption other than children in a developing country will reduce the rate of population growth is shown to depend crucially on the assumption that parents do not care about the numbers or the welfare of the children they have. When parents do care, the conclusion no longer unambiguously follows because the new means for providing for parents' old age leads to a positive income effect.

Original languageEnglish
Pages (from-to)243-252
Number of pages10
JournalJournal of Development Economics
Issue number2-3
StatePublished - Aug 1985


FundersFunder number
International Food Policy Research Institute
University of Pennsylvama
National Institute on Aging
United States-Israel Binational Science Foundation


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