A Theory of the Value of Children

Debra Friedman, Michael Hechter, Satoshi Kanazawa
1994 Demography  
This paper uses a non-standard value assumption-uncertainty reduction-to explain parenthood. We begin by reviewing the inadequacies of normative and standard rational choice explanations of shifts in fertility behavior. Then we propose a theory of the value of children based on the uncertainty-reduction assumption. Next we generate a range of hypotheses that follow both from this assumption and from a subsidiary assumption of marital solidarity enhancement. Finally, we explore the extent to
more » ... h implications based on these new ideas are supported by the relevant empirical literature.
doi:10.2307/2061749 pmid:7828763 fatcat:zx5dzmaatzed7porefcrjzumii