The quantity and quality of children: A semi-parametric Bayesian IV approach

Arbeitspapier

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 1501

Klassifikation und Themen

• 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

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Frühwirth-Schnatter, Sylvia ; Halla, Martin ; Posekany, Alexandra ; Pruckner, Gerald J. ; Schober, Thomas
• Ereignis: Veröffentlichung
• (wer): Johannes Kepler Universität Linz, Christian Doppler Laboratory Aging, Health and the Labor Market
• (wo): Linz
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/226436
• Letzte Aktualisierung: 20.09.2024, 08:22 MESZ