This
study analyzes the neoclassical theory on the demand for children. Neoclassical
theory assumes that child demand is not different from a commodity demand. The
neoclassical theory takes child demand in the utility function, like any other
commodities. But, the demand for children is different from things which
increase our utility; such as car, refrigerator, elevator, and other goods and
services, whose price is determined in the market through its sellers and
buyers. However, demand for children is determined by socio-cultural things. It
is certain that there is a relationship between economic growth and child
rearing. For example, economic growth raises the cost of children due the time
spent on child care becoming more valuable. But it cannot be called "child
demand is an inferior good".
Demand for children desired family size Neo-classical approach economic growth
Birincil Dil | İngilizce |
---|---|
Konular | Ekonomi |
Bölüm | Makaleler |
Yazarlar | |
Yayımlanma Tarihi | 24 Ekim 2019 |
Yayımlandığı Sayı | Yıl 2019 Cilt: 5 Sayı: 3 |