An Estimable Dynamic Stochastic Model of Fertility and Child Mortality
An Estimable Dynamic Stochastic Model of Fertility and Child Mortality
复制标题
生育率和儿童死亡率的可估计动态随机模型
DOI:
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发表时间:
1984
影响因子:
8.2
通讯作者:
K. Wolpin
中科院分区:
文献类型:
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作者:
K. Wolpin
This paper develops a finite-horizon dynamic stochastic model of discrete choice with respect to life-cycle fertility within an environment where infant survival is uncertain. The model yields implications for the number, timing, and spacing of children. A tractable estimation method is developed for the linear constraint-quadratic utility case that is intimately tied to the dynamic optimization problem, and the method is applied to Malaysian household data. Estimation is based on integrating the numerical solution of the dynamic programming model of behavior with a maximum likelihood procedure.