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Fertility as an Adjustment to Risk
Population and Development Review
Vol. 9, No. 4 (Dec., 1983), pp. 688-702
Published by: Population Council
Stable URL: http://www.jstor.org/stable/1973546
Page Count: 15
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Much of recent research on fertility determinants in developing countries has focused on the time and commodity costs and benefits of young children to parents. This emphasis on the more immediate costs and benefits of children, often to the exclusion of their value as security assets in parents' later years, is badly misplaced. A case is made for shifting the focus of research to the security concerns of parents and the value of children as insurance against risk, and for viewing such concerns as a dominant influence on the reproductive behavior of parents in developing countries. The implications of the security asset value of children for modeling fertility decisions and for the demographic transition are explored.
Population and Development Review © 1983 Population Council