title: The "old age security hypothesis" reconsidered.
abstract: "That the introduction of a means for transferring present to future consumption other than children in a developing country will reduce the rate of population growth is shown to depend crucially on the assumption that parents do not care about the numbers or the welfare of the children they have.  When parents do care, the conclusion no longer unambiguously follows because the new means for providing for parents' old age leads to a positive income effect."
authors.forename: M
authors.initials: M
authors.lastname: Nerlove
authors.forename: A
authors.initials: A
authors.lastname: Razin
authors.forename: E
authors.initials: E
authors.lastname: Sadka
mesh_terms: D000293:Adolescent; D000367:Age Factors; D002648:Child; D003710:Demography; D003906:Developing Countries; D004467:Economics; D005191:Family Characteristics; D005195:Family Relations; D008962:Models, Theoretical; D009826:Old Age Assistance; D010290:Parents; D011153:Population; D011154:Population Characteristics; D011157:Population Dynamics; D011158:Population Growth; D012942:Social Sciences; D012946:Social Welfare
keywords: Age Factors; Child; Child Worth; Consumption; Demographic Factors; Demography; Developing Countries; Economic Factors; Family And Household; Family Characteristics; Family Relationships; Macroeconomic Factors; Microeconomic Factors; Old Age Security; Parents; Population; Population Characteristics; Population Dynamics; Population Growth; Population Theory; Social Sciences; Social Welfare; Theoretical Studies; Youth