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Infantile mortality and fertility decisions in a stochastic environment

Author

Listed:
  • Paul Makdissi

    (Département d'économique and CEREF, Université de Sherbrooke)

  • Nguyen Mahn Hung

    (Université Laval)

Abstract

We analyze the effect of stochastic survival of children on fertility decision in a dynastic utility model where saving, so to speak, can only be made through having children, the number of which is an endogenous decision to the household. In our stochastic framework where the rate of population change undergoes a process of Brownian motion, the probability distribution of the steady state is well determined, and saving via the number of offsprings incorporates a precautionary component. Any health care assistance proposed to reduce the variance of the Brownian process, for example, to reduce the risk of premature infantile mortality, would have a negative effect on the fertility rate and a positive effect on the per capita consumption in the long run.

Suggested Citation

  • Paul Makdissi & Nguyen Mahn Hung, 2003. "Infantile mortality and fertility decisions in a stochastic environment," Economics Bulletin, AccessEcon, vol. 10(2), pages 1-9.
    • Handle: RePEc:ebl:ecbull:eb-03j10001
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    Citations

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    Cited by:

    1. Petr Hanel, 2003. "Impact Of Government Support Programs On Innovation By Canadian Manufacturing Firms," Cahiers de recherche 04-02, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    2. Petr Hanel & Snezana VUCIC, 2002. "L’Impact Économique Des Activités De Recherche De L’Université De Sherbrooke," Cahiers de recherche 02-04, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    3. Paul Makdissi & Cyril Téjédo, 2000. "Problèmes d’appariement et politique de l’emploi," Cahiers de recherche 00-04, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    4. John Baldwin & Petr Hanel & David Sabourin, 2000. "Les déterminants des activités d’innovation dans les entreprises de fabrication canadiennes : le rôle des droits de propriété intellectuelle," Cahiers de recherche Statistique Canada No 11F, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    5. Pene Kalulumia, 2002. "Effects of government debt on interest rates: evidence from causality tests in johansen-type models," Cahiers de recherche 02-07, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    6. Pene Kalulumia & Denis Bolduc, 2004. "Generalized Mixed Estimation Of A Multinomial Discretecontinuous Choice Model For Electricity Demand," Cahiers de recherche 04-01, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.

    More about this item

    Keywords

    Brownian motion;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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