Abdul Razak, Nor Azam and Abdul Hakim, Roslan and Ismail, Russayani (2011) The trade-off between child quantity and child quality: An application of the Kremer-Chen model to households in rural Terengganu, Malaysia. International Journal of Economics and Finance, 3 (3). pp. 257-266. ISSN 1916-971X

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Abstract

The idea of the trade-off between child quantity and child quality has long been documented in economics. In the past, this trade-off has been attributed to the rising marginal cost of child quantity and quality. In recent years, this trade-off has been attributed to a declining direct cost of childrearing and an escalating opportunity cost of childrearing induced by rising household income. Exploiting a micro data set from rural Terengganu, we revisit the idea based on this new postulate.Our goal is to investigate whether a rise in household income has a positive impact on child quality and a negative impact on child quantity. In a series of empirical exercises, we find that household income has a positive impact on both child quantity and child quality.We take these findings as evidence that there is no trade-off between child quantity and child quality among rural households in Terengganu, Malaysia.

Item Type:	Article
Uncontrolled Keywords:	Child quantity, Child quality, Direct cost of childrearing, Opportunity cost of childrearing, Household income, Kremer-Chen model
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	School of Economics, Finance & Banking
Depositing User:	Dr. Nor Azam Abdul Razak
Date Deposited:	20 Oct 2014 08:23
Last Modified:	21 Apr 2016 04:41
URI:	https://repo.uum.edu.my/id/eprint/12297

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