Arbeitspapier
The quantity and quality of children: A semi-parametric Bayesian IV approach
Prior empirical research on the theoretically proposed interaction between the quantity and the quality of children builds on exogenous variation in family size due to twin births and focuses on human capital outcomes. The typical finding can be described as a statistically nonsignificant two-stage least squares (2SLS) estimate, with substantial standard errors. We regard these conclusions of no empirical support for the quantity-quality trade-off as premature and, therefore, extend the empirical approach in two ways. First, we add health as an additional outcome dimension. Second, we apply a semi-parametric Bayesian IV approach for econometric inference. Our estimation results substantiate the finding of a zero effect: we provide estimates with an increased precision by a factor of approximately twenty-three, for a broader set of outcomes.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 1403
- Klassifikation
-
Wirtschaft
Fertility; Family Planning; Child Care; Children; Youth
Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation
Bayesian Analysis: General
Education and Research Institutions: General
Demand and Supply of Labor: General
Health: General
- Thema
-
quantity-quality model of fertility
family size
human capital
health
semi-parametric Bayesian IV approach
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Frühwirth-Schnatter, Sylvia
Halla, Martin
Posekany, Alexandra
Pruckner, Gerald J.
Schober, Thomas
- Ereignis
-
Veröffentlichung
- (wer)
-
Johannes Kepler University of Linz, Department of Economics
- (wo)
-
Linz
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Frühwirth-Schnatter, Sylvia
- Halla, Martin
- Posekany, Alexandra
- Pruckner, Gerald J.
- Schober, Thomas
- Johannes Kepler University of Linz, Department of Economics
Entstanden
- 2014