The 'old age security hypothesis' reconsidered

Marc Nerlove, Assaf Razin, Efraim Sadka

Research output: Contribution to journalArticlepeer-review

Abstract

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
Volume18
Issue number2-3
DOIs
StatePublished - Aug 1985

Fingerprint

Dive into the research topics of 'The 'old age security hypothesis' reconsidered'. Together they form a unique fingerprint.

Cite this