Fertility determinants and economic uncertainty: An assessment using European panel data

Journal of Family and Economic Issues

Volumn 31, Issue 1, 2010, Pages 33-50

  Hondroyiannis, George ^a  

^a BANK OF GREECE   (Greece)

Author keywords

Fertility choice; Panel estimation

Indexed keywords

EID: 76349107139     PISSN: 10580476     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10834-009-9178-3     Document Type: Article

References (91)

1. Attanasio, O. P., Picci, L., & Scorcu, A. (2000). Saving growth and investment: A macroeconomic analysis using panel of countries. Review of Economics and Statistics, 82(2), 182-211.
2. Bailey, R. E., & Chambers, M. J. (1998). The impact of real wage and mortality fluctuations on fertility and nuptiality in precensus England. Journal of Population Economics, 11(3), 413-434.
3. Barro, R. J., & Becker, G. S. (1989). Fertility choice in a model of economic growth. Econometrica, 57(2), 481-501.
4. Becker, G. S. (1960). An economic analysis of fertility. In Demographic and Economic Change in Developed Countries: A Conference of the Universities (NBER Committee of Economic Research). Princeton, NJ: Princeton University Press.
5. Becker, G. S. (1965). A theory of the allocation of time. Economic Journal, 71, 493-517.
6. Becker, G. S. (1973). A theory of marriage: Part I. Journal of Political Economy, 81(4), 813-846.
7. Becker, G. S. (1981). A treatise on the family. Cambridge, MA: Harvard University Press.
8. Becker, G. S. (1988). Family economics and macro behavior. American Economic Review, 78(1), 1-13.
9. Becker, G. S. (1992). Fertility and the economy. Journal of Population Economics, 5(3), 185-201.
10. Becker, G. S., & Barro, R. J. (1988). A reformulation of the economic theory of fertility. Quarterly Journal of Economics, 103(1), 1-25.
11. Becker, G. S., Glaeser, E. L., & Murphy, K. M. (1999). Population and economic growth. American Economic Review Papers and Proceedings, 89(2), 145-149.
12. Becker, G. S., & Lewis, G. H. (1973). On the interaction between the quantity and quality of children. Journal of Political Economy, 81(2 Part II), S279-S288.
13. Becker, G. S., Murphy, K. M., & Tamura, R. (1990). Human capital fertility and economic growth. Journal of Political Economy, 98(5), S12-S37.
14. Boucekkine, R., de la Croix, D., & Licandro, O. (2002). Vintage human capital, demographic trends, and endogenous growth. Journal of Economic Theory, 104, 340-375.
15. Brander, J. A., & Dowrick, S. (1994). The role of fertility economic growth: Empirical results from aggregate cross-national data. Journal of Population Economics, 7(1), 1-25.
16. Breitung, J. (2000). The local power of some unit root tests for panel data. In B. Baltagi (Ed.), Advances in econometrics, 15: Nonstationary panels, panel cointegration and dynamic panels (pp. 161-178). Amsterdam: JAI Press.
17. Cain, G., & Dooley, M. D. (1976). Estimation of a model of labor supply, fertility and wages of married women. Journal of Political Economy, 84, S179-S201.
18. Campione, W. (2008). Employed women's well-being: The global and daily impact of work. Journal of Family and Economic Issues, 29, 346-361.
19. Carliner, G., Robinson, C., & Tomes, N. (1980). Female labour supply and fertility in Canada. Canadian Journal of Economics, 13, 46-64.
20. Choi, I. (2001). Unit root tests for panel data. Journal of International Money and Finance, 20, 249-272.
21. Cigno, A. (1991). Economics of the family. Oxford, UK: Clarendon Press.
22. Cigno, A. (1998). Fertility decisions when infant survival is endogenous. Journal of Population Economics, 11(1), 21-28.
23. Colombino, U. (2000). The cost of children when children are a choice. Labour, 14, 79-96.
24. Craig, L. (2007). How employed mothers in Australia find time for both market work and childcare. Journal of Family and Economic Issues, 28, 69-87.
25. D' Addio, A. C., & Mira d'Ecole, M. (2005). Policies, institutions and fertility rates: A panel data analysis for OECD Countries. OECD Economic Studies, 41, 8-45.
26. Dickey, D. A., & Fuller, W. A. (1979). Distributions of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427-431.
27. Dickey, D. A., & Fuller, W. A. (1981). The likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49(4), 1057-1072.
28. Ehrlich, I. (1990). Introduction. Journal of Political Economy, 98(4), S1-S11.
29. Ehrlich, I., & Lui, F. T. (1991). Intergenerational trade, longevity, and economic growth. Journal of Political Economy, 99(5), 1029-1059.
30. Fleisher, B. M., & Rhodes, G. F, Jr. (1976). Unemployment and the labor force participation of married men and women: A simultaneous model. Review of Economics and Statistics, 58, 398-406.
31. French, M. W., & Sichel, D. (1993). Cyclical patterns in the variance of economic activity. Journal of Business and Economic Statistics, 11, 113-119.
32. Guest, R., & McDonald, I. M. (2001). Ageing, optimal national saving and future living standards in Australia. The Economic Record, 77, 117-134.
33. Hadri, K. (2000). Testing for stationarity in heterogeneous panel data. Econometric Journal, 3, 148-161.
34. Haque, N. U., Pesaran, M. H., & Sarma, S. (1999). Neglected heterogeneity and dynamics in cross-country saving regressions. UK: Mimeo, University of Cambridge.
35. Herbst, C. M., & Barnow, B. S. (2008). Close to home: A simultaneous equation model of the relationship between child care accessibility and female labor force participation. Journal of Family and Economic Issues, 29, 128-151.
36. Hnatkovska, V. & Loayza, N. (2004). Volatility and growth. World Bank Working Papers, WPS3184.
37. Hondroyiannis, G. (2004). Modeling household fertility decisions in Greece. The Social Science Journal, 41, 477-483.
38. Hondroyiannis, G. (2006). Private savings determinants in European countries: A panel cointegration approach. The Social Science Journal, 43, 553-569.
39. Hondroyiannis, G., & Papapetrou, E. (2002a). Demographic transition and economic growth: Empirical evidence from Greece. Journal of Population Economics, 15(2), 221-242.
40. Hondroyiannis, G., & Papapetrou, E. (2002b). Demographic transition in Europe. Economics Bulletin, 10(3), 1-8.
41. Hondroyiannis, G., & Papapetrou, E. (2004). Demographic changes and economic activity in Greece. Review of Economics of the Household, 2, 49-71.
42. Hondroyiannis, G., & Papapetrou, E. (2005). Fertility and output in Europe: New evidence from panel cointegration analysis. Journal of Policy Modeling, 27, 143-156.
43. Hotz, V. J., & Miller, R. A. (1988). An empirical analysis of life cycle fertility and female labor supply. Econometrica, 56, 91-118.
44. Huang, T, Jr. (2003). Unemployment and family behavior in Taiwan. Journal of Family and Economic Issues, 24, 27-48.
45. Huang, T, Jr. (2007). Labor force participation and juvenile delinquency in Taiwan: A time series analysis. Journal of Family and Economic Issues, 28, 137-150.
46. Huang, T, Jr., Kao, A. P., & Hung, W. C. (2006). The influence of college tuition and fees on fertility rate in Taiwan. Journal of Family and Economic Issues, 27, 626-642.
47. Im, K. S. M., Pesaran, H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115, 53-74.
48. Kalwij, A. S. (2000). The effects of female employment status on the presence and number of children. Journal of Population Economics, 13, 221-239.
49. Kao, C. (1999). Spurious regression and residual based tests for cointegration in panel data. Journal of Econometrics, 90, 1-44.
50. Kao, C. & Chiang, M. H. (1999). On the estimation and inference of a cointegrated regression in panel data. Working paper. Syracuse University Economics Department, Syracuse, NY.
51. Karimi, L., & Nouri, A. (2009). Do work demands and resources predict work family conflict and facilitation? A study of Iran male employees. Journal of Family and Economic Issues, 30, 193-202.
52. Klasen, S., & Launov, A. (2006). Analysis of the determinants of fertility decline in the Czech Republic. Journal of Population Economics, 19, 25-54.
53. Kose, A. M., Prasad, E. S., & Terrones, M. E. (2005). Growth and volatility in an era of globalization. IMF Staff Papers, 52, 31-63.
54. Kwiatkowski, D., Phillips, P. C. B., Schmidt, P., & Shin, Y. (1992). Testing the null hypothesis of stationarity against the alternative of a unit root. Journal of Econometrics, 54(1-3), 159-178.
55. Lee, R. (2003). The demographic transition: Three centuries of fundamental change. Journal of Economic Perspectives, 17, 167-190.
56. Levin, A., Lin, C. F., & Chu, C. S. J. (2002). Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, 108, 1-24.
57. Madala, G. S., & Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, 61, 631-652.
58. Mahdavi, S. (1990). A simultaneous-equations model of cross-national differentials in fertility labor force participation rates. Journal of Economic Studies, 17, 32-49.
59. Mammen, S., Lass, D., & Seiling, S. B. (2009). Labor force supply decisions of rural low-income mothers. Journal of Family and Economic Issues, 30, 67-79.
60. Melkersson, M., & Rooth, D. O. (2000). Modeling female fertility using inflated count data. Journal of Population Economics, 13, 189-203.
61. Mocan, N. I. (1990). Business cycles and fertility dynamics in the United States: A vector auto regressive model. Journal of Population Economics, 3, 125-146.
62. Modigliani, F. (1966). The life cycle hypothesis of saving, the demand for wealth and the supply of Capital. Social Research, 33, 160-217.
63. Modigliani, F. (1970). The life-cycle hypothesis of saving and inter-country differences in the saving ratio. In W. Eltis, M. Scott, & J. Wolfe (Eds.), Induction, growth and trade: Essays in Honor of Sir Roy Harrod. Oxford: Clarendon.
64. Moffit, R. (1984). Profiles of fertility, labour supply and wages of married women: A complete life-cycle model. Review of Economic Studies, 51, 263-278.
65. Molina, J. A., & Montuenga, V. M. (2009). The motherhood wage penalty in Spain. Journal of Family and Economic Issues, 30, 237-251.
66. Murasko, J. E. (2008). Married women's labor supply and spousal health insurance coverage in the United States: Results from panel data. Journal of Family and Economic Issues, 29, 391-406.
67. Nelson, D. B. (1991). Conditional heteroskedasticity in asset returns: A new approach. Econometrica, 59, 347-370.
68. Nguyen-Dinh, H. (1997). A socioeconomic analysis of the determinants of fertility: The case of Vietnam. Journal of Population Economics, 10, 251-271.
69. Pagani, L., & Marenzi, A. (2008). The labor market participation of sandwich generation Italian women. Journal of Family and Economic Issues, 29, 427-444.
70. Pampel, F. C. (1993). Relative cohort size and fertility: The socio-political context of the Easterlin effect. American Sociological Review, 58, 496-514.
71. Papapetrou, E. (2004). Does female employment affect fertility? Evidence from the United Kingdom. The Social Science Journal, 41, 235-249.
72. Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics, 61, 653-670.
73. Pedroni, P. (2004). Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. Econometric Theory, 20, 597-625.
74. Perron, P. (1988). Trends and random walks in macroeconomic time: Series further evidence from a new approach. Journal of Economic Dynamics and Control, 12(2-3), 297-332.
75. Pesaran, M. H., & Smith, R. (1995). Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics, 68, 79-113.
76. Phillips, P. C. B. (1987). Time series regression with a unit root. Econometrica, 55(2), 277-346.
77. Phillips, P. C. B., & Perron, P. (1988). Testing for a unit root in time series regression. Biometrica, 75(2), 335-346.
78. Pommeret, A., & Smith, W. T. (2005). Fertility, volatility and growth. Economics Letters, 87, 347-353.
79. Poot, J., & Siegers, J. J. (2001). The macroeconomics of fertility in small open economies: A test of the Becker-Barro model for The Netherlands and New Zealand. Journal of Population Economics, 14(1), 73-100.
80. Rostow, W. W. (1990). Theorists of economic growth from David Hume to the present. New York: Oxford University Press.
81. Sah, R. K. (1991). The effect of child mortality changes on fertility choice and parental welfare. Journal of Political Economy, 99(3), 582-606.
82. Sarantis, N., & Stewart, C. (2001). Saving behaviour in OECD countries: Evidence from panel cointegration tests. The Manchester School Supplement, 69, 22-41.
83. Simon, J. L. (1989). On aggregate empirical studies relating population variables to economic development. Population and Development Review, 15, 323-332.
84. Stanfors, M. A. (2006). Labor force transitions after childbirth among five birth cohorts in Sweden. Journal of Family and Economic Issues, 27(2), 287-309.
85. Wang, W., & Famoye, F. (1997). Modeling household fertility decisions with generalized poisson regression. Journal of Population Economics, 10, 273-283.
86. Wang, P., Yip, C. K., & Scotese, C. A. (1994). Fertility choice and economic growth theory and evidence. The Review of Economics and Statistics, 46(2), 255-266.
87. Weagley, R. O., Chan, M.-L., & Yan, J. (2007). Married couples' time allocation decisions and marital stability. Journal of Family and Economic Issues, 28, 507-525.
88. Whittington, L. A., Alm, J., & Peters, E. H. (1990). Fertility and the personal exemption: Implicit pronatalist policy in the United States. American Economic Review, 80, 545-556.
89. Willis, R. J. (1973). A new approach to the economic theory of fertility behavior. Journal of Political Economy, 81, S14-S64.
90. Winegarden, C. R., & Wheeler, M. (1992). The role of economic growth in the fertility transition in Western Europe: Econometric evidence. Economica, 59(236), 421-435.
91. Yilmazer, T. (2008). Saving for children's college education: An empirical analysis of the trade-off between the quality and quantity of children. Journal of Family and Economic Issues, 29, 307-324.