Consumption and Children
Bibliographic Data
| ID | 19317648 |
|---|---|
| Authors | Martin Browning (0000-0002-6802-4557, University of Oxford), Mette Ejrnæs (0000-0002-9586-8149, University of Copenhagen) |
| Year | 2009 |
| Volume | 91 |
| Issue | 1 |
| Pages | 93-111 |
| Publication date | 2009-02-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | MIT Press (PUBLISHER • US) |
| DOI | 10.1162/rest.91.1.93 |
| OpenAlex | W1996118797 |
| Language | EN |
| Citations received | 12 |
| References cited | 15 |
Consumption by couples rises sharply in the beginning and falls later in life; the causes of the early rise are hotly contested. Among the suggestions are rule of thumb behavior, demographics, liquidity constraints, the precautionary motive, and nonseparabilities between consumption and labor supply. We develop two tests of the extreme hypothesis that only changes in family structure matter. We estimate effects of the numbers and ages of children on consumption. These estimates allow us to rationalize all of the increase in consumption without recourse to any of the causal mechanisms. Our estimates can be interpreted either as giving upper bounds on the effects of children or as evidence that the other causes are not important
Causality (physics) · Consumption (sociology) · Demographic economics · Demographics · Econometrics · Economics · Market liquidity · Microeconomics · Monetary economics · Overconsumption · Production (economics) · Rule of thumb · Sociology · Demography · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics · Mathematics
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Fair Pension Policies with Occupation-Specific Ageing
The economics of aging with infectious and chronic diseases
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Family planning in a life‐cycle model with income risk
Examining Parental Expenditure on Children in Ghana
Do Children Matter to the Household Debt Burden
Microeconomic Foundations of Reproductive Behaviour
Euler Equations, Subjective Expectations and Income Shocks
Spending on Children
Panel data from time series of cross-sections
Consumption Over the Life Cycle
Saving and Liquidity Constraints
A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle
Humps and Bumps in Lifetime Consumption
Approximation Bias in Linearized Euler Equations
Precautionary Saving and Social Insurance
Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey
The Cash Opportunity Costs of Childbearing
Childbearing and Wives' Foregone Earnings
| Citations per year | 0.75 |
|---|---|
| Citation span | 2010 - 2025 (16) |
| Highly cited | No |