Abstract
Women can bear own children or adopt them. Extending economic theories of fertility, we provide a first formal theoretical treatment of the demand for adoption. It is shown that the propensity to adopt a child increases in the degree of own altruism, infertility, relatedness and emotional attachment to the child, costs of own child birth, and any adoption-specific monetary return that is received net of the costs of adopting the child. Aggregate adoption statistics are broadly consistent with the predictions of our model.
| Original language | English |
|---|---|
| Pages (from-to) | 101-114 |
| Number of pages | 14 |
| Journal | Journal of Economic Development |
| Volume | 47 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2022 |
Bibliographical note
Funding Information:* The research for this paper of the first author, Dirk Bethmann, has been supported by a Korea University Grant (K1509031). Our work has benefited from useful comments by Daniel Baumgarten, Sebastian Braun, Redzo Mujcic, Hendrik Ritter, and participants of the 13th annual conference of the Association for Public Economic Theory (APET) at Academia Sinica, Taipei, Taiwan, and of the 27th annual conference of the European Society for Population Economics (ESPE) at Aarhus University, Denmark. All remaining errors are own.
Publisher Copyright:
© 2022, Journal of Economic Development. All Rights Reserved.
Keywords
- Adoption
- Altruism
- Children
- Demand for adoption
- Fertility
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
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