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Dynamic microeconomic models of fertility choice: A survey

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Abstract.

We review existing approaches to the specification and estimation of dynamic microeconomic models of fertility. Dynamic fertility models explain the evolution of fertility variates over the life-cycle as the solution to a dynamic programming model involving economic choices. Dynamic models may be classified into structural and reduced-form models. Structural models generally require solution of the underlying dynamic programming problem. Reduced-form models, while based on a structural specification, do not. Recent innovations in estimation methodologies make both types practical and realistic alternatives to static models of lifetime fertility. JEL classification: J13, C41, C61

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Authors and Affiliations

  1. Department of International Economics, Johns Hopkins University, Nitze School of Advanced International Studies, 1740 Massachusetts Ave. NW, Washington, DC 20036-1984, USA (Fax: (202) 663-5683, e-mail: carroyo3@aol.com), , , , , , US

    Cristino R. Arroyo

  2. Department of Economics, Chinese University of Hong Kong, Shatin, NT, Hong Kong (Fax: (852) 2603-5805, e-mail: jszhang@cuhk.edu.hk), , , , , , HK

    Junsen Zhang

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  1. Cristino R. Arroyo
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  2. Junsen Zhang
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Received August 26, 1994/Accepted October 23, 1996

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Arroyo, C., Zhang, J. Dynamic microeconomic models of fertility choice: A survey. J Popul Econ 10, 23–65 (1997). https://doi.org/10.1007/s001480050030

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  • DOI: https://doi.org/10.1007/s001480050030

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