Browse/search for people

Publication - Dr Se Kyu Choi

    Fertility Risk in the Life-Cycle


    Choi, SK, 2017, ‘Fertility Risk in the Life-Cycle’. International Economic Review, vol 58., pp. 237-259


    In this paper I study fertility decisions of women in the U.S. economy, with special emphasis on the timing of births and abortions over the life-cycle. Given the constant policy debate regarding abortion availability and recent empirical evidence of its positive impact on women outcomes, understanding the fertility process in a broad sense should help guide the discussion. In this paper I present a life-cycle model of consumption-savings and fertility decisions in an environment with uninsurable income shocks and imperfect fertility control. My model presents a unified framework in which both opportunity costs of child rearing and technological restrictions (in the form of contraception effectiveness) have roles to understand lifetime fertility choices.

    Full details in the University publications repository