Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115107
Authors: 
Frühwirth-Schnatter, Sylvia
Halla, Martin
Posekany, Alexandra
Pruckner, Gerald J.
Schober, Thomas
Year of Publication: 
2014
Series/Report no.: 
NRN Working Paper, NRN: The Austrian Center for Labor Economics and the Analysis of the Welfare State 1402
Working Paper, CD-Lab Aging, Health and the Labor Market, Johannes Kepler University 1501
Abstract: 
Prior empirical research on the theoretically proposed interaction between the quantity and the quality of children builds on exogenous variation in family size due to twin births and focuses on human capital outcomes. The typical finding can be described as a statistically nonsignificant two-stage least squares (2SLS) esti- mate, with substantial standard errors. We regard these conclusions of no empirical support for the quantity-quality trade-off as premature and, therefore, extend the empirical approach in two ways. First, we add health as an additional outcome di- mension. Second, we apply a semi-parametric Bayesian IV approach for econometric inference. Our estimation results substantiate the finding of a zero effect: we provide estimates with an increased precision by a factor of approximately twenty-three, for a broader set of outcomes.
Subjects: 
Quantity-quality model of fertility
family size
human capital
health
semi-parametric Bayesian IV approach
JEL: 
J13
C26
C11
I20
J20
I10
Document Type: 
Working Paper

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