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

Dieses Objekt wird bereitgestellt von:
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

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