title: Children and savings in less developed countries.
abstract: "A commonly cited motive for childbearing in LDCs is the support in old age provided by one's children.  Alternative means of retirement support become available as a country develops.  This paper presents a simple two period model in which financial institutions are allowed to substitute for children in the provision of this service.  The 'quality' of financial institutions is given an operational definition and the hypotheses of the model are tested on a cross-section sample of countries."
authors.forename: J S
authors.initials: JS
authors.lastname: Hammer
mesh_terms: D000293:Adolescent; D000367:Age Factors; D002648:Child; D003710:Demography; D003906:Developing Countries; D004467:Economics; D005298:Fertility; D007182:Income; D008962:Models, Theoretical; D009826:Old Age Assistance; D011153:Population; D011154:Population Characteristics; D011157:Population Dynamics; D012106:Research
keywords: Age Factors; Child; Demographic Factors; Developing Countries; Economic Factors; Fertility; Macroeconomic Factors; Microeconomic Factors; Models, Theoretical; Old Age Security; Population; Population Characteristics; Population Dynamics; Research Methodology; Savings; Youth