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Title: Measuring the Value of Children by Birth Order and Infant Health
Resulting in 1 citation.
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Heiland, Frank |
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Measuring the Value of Children by Birth Order and Infant Health Presented: Philadelphia, PA, 52nd International Atlantic Economic Conference, October 2001. Also: http://www.iaes.org/conferences/future/philadelphia_52/prelim_program/j00-1/heiland.htm Cohort(s): NLSY79 Publisher: International Atlantic Economic Society Keyword(s): Birth Order; Birth Outcomes; Child Health; Educational Attainment; Ethnic Groups/Ethnicity; Heterogeneity; Infants Permission to reprint the abstract has not been received from the publisher. This paper estimates the value of children by infant health outcomes and birth order using a dynamic programming model. The structural model is estimated using longitudinal fertility choice data from the National Longitudinal Survey of Youth (1979 Cohort). The estimation strategy adopts Rust's framework using a Nested Fixed Point Algorithm (see Rust (1994)). The model is estimated separetely by ethnicity and educational attainment to allow for heterogeneity. Using data from the 1979 cohort of the National Longitudinal Survey of Youth (NLSY79), I estimate the model under the assumption that utility is logarithmic (risk averse agents) and child values are constant over time. The infant health measure is based on the number of serious illnesses during the first year of a child's life. (Source: http://www.iaes.org/conferences/future/philadelphia_52/prelim_program/j00-1/heiland.htm) |
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Bibliography Citation
Heiland, Frank. "Measuring the Value of Children by Birth Order and Infant Health." Presented: Philadelphia, PA, 52nd International Atlantic Economic Conference, October 2001. |