DO FAMILY WEALTH SHOCKS AFFECT FERTILITY CHOICES? EVIDENCE FROM THE HOUSING MARKET

被引：165

作者：

Lovenheim, Michael F. ^{[1
]}

Mumford, Kevin J. ^{[2
]}

机构：

[1] Cornell Univ, Ithaca, NY 14853 USA

[2] Purdue Univ, W Lafayette, IN 47907 USA

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2013年 / 95卷 / 02期

关键词：

TAX INCENTIVES; PRICES; CONSUMPTION; TRANSITION; EMERGENCE; WAGES;

D O I：

10.1162/REST_a_00266

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper uses wealth changes driven by housing market variation to estimate the effect of family resources on fertility decisions. Using data from the Panel Study of Income Dynamics, we show that a $100,000 increase in housing wealth among home owners causes a 16% to 18% increase in the probability of having a child. There is no evidence of an effect of MSA-level housing price growth on the fertility of renters, however. We also present evidence that housing wealth growth increases total fertility and that the responsiveness of fertility to housing wealth has increased over time, commensurate with the recent housing boom.

引用

页码：464 / 475

页数：12

共 27 条

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