Are children substitutes for assets? Evidence from Bangladesh

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In many developing countries, children are viewed as a source of old-age insurance. They help parents to smooth consumption by sending remittances when the parents are old and have relatively low income. The paper presents a model where asset accumulation and children are substitutes. Using a family planning programme as an instrument for fertility it shows that households exposed to the programme have (0.86) lower fertility and $994 worth of more assets than those who were not exposed to the programme.

Original languageEnglish
Number of pages17
JournalJournal of Development Effectiveness
Publication statusAccepted/In press - 2022


  • asset
  • Fertility
  • old age insurance

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