The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Fertility

  • Richard A. Easterlin
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_604

Abstract

At the aggregate level, human reproduction is the ultimate source of an economic system’s labour input and of the consumers who constitute the principal destination of the economy’s output. At the individual level, children are an important source of satisfaction that compete with alternatives for the limited parental resources of time, energy and money available. Despite this, reproductive behaviour has traditionally been omitted from economic theorizing, and even in the past three decades has gained only a marginal foothold.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Richard A. Easterlin
    • 1
  1. 1.