Baby commodity booms? The impact of commodity shocks on fertility decisions and outcomes

Autor:	Francisco Gallego, Jeanne Lafortune
Rok vydání:	2021
Předmět:	Economics and Econometrics media_common.quotation_subject 05 social sciences Fertility Boom Natural resource Birth rate 0502 economics and business Economics Open economy Demographic economics Substitution effect 050207 economics Commodity (Marxism) 050205 econometrics Demography media_common
Zdroj:	Journal of Population Economics. 36:295-320
ISSN:	1432-1475 0933-1433
DOI:	10.1007/s00148-021-00855-0
Popis:	This paper uses international commodity prices and local natural resource endowments as a source of plausibly exogenous variation in local Chilean economic conditions to study how these shocks impact fertility behavior of families in a small, emerging open economy where non-marital fertility is common but parental obligations are not well enforced. We find that these commodity shocks lead to an increase in the number of births and the birth rate. We argue that these results are consistent with most women experiencing an income effect and a limited substitution effect from commodity booms. This is confirmed by looking at groups that would have experienced a larger income than substitution effect: higher-order births, births within marital relationships, and those by mothers who do not experience an increase in their employment probability respond more strongly to these commodity booms.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::26564285973353fbf572a09c9b700068 https://doi.org/10.1007/s00148-021-00855-0 Zobrazit plný text záznamu Full text from SpringerLink