Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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Economic Utility and the Demand for Children: A Theoretical and Empirical Analysis


     

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In every society children provide various utilities, economic and non-economic, to parents. within the domain of economic utility, children provide consumption, income and old age security utilities (Leibenstein, 1957). Parents are motivated to bear and rear children because they demand these utilities from children and they benefit from having children.
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  • Economic Utility and the Demand for Children: A Theoretical and Empirical Analysis

Abstract Views: 369  |  PDF Views: 0

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Abstract


In every society children provide various utilities, economic and non-economic, to parents. within the domain of economic utility, children provide consumption, income and old age security utilities (Leibenstein, 1957). Parents are motivated to bear and rear children because they demand these utilities from children and they benefit from having children.


DOI: https://doi.org/10.21648/arthavij%2F1988%2Fv30%2Fi4%2F116358