Correction to: J Popul Econ (2010), 23:703–735

https://doi.org/10.1007/s00148-009-0261-8

Equation (25b) on p. 711 of the published version of the paper should read as

$$ \varphi_{t} = \frac{(2+\hat{\rho}_{t+1}) \zeta_{t+1}} { (2+\hat{\rho}_{t+1}) \zeta_{t+1} + (1-s_{t+1}) (1-\lambda) (1+\hat{\rho}_{t+1})} . $$

We thank Edward Davenport for pointing this out to us.

The affiliations of both authors are also corrected.