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The value and cost of children
Authors:Espenshade T J
Abstract:Recent research on actual and perceived benefits and costs of children to their parents in both developed and less developed countries is summarized. Such figures and research cannot only help predict fertility behavior but can also provide data for welfare departments figuring support costs, courts setting support costs, and government planners allocating resources. Findings on costs and satisfactions from several major surveys are presented and then actual costs in the U.S. are presented in a series of tables. Research indicates that efforts to popularize small families could well take an economic approach - developing social security systems for the aged, substituting mother's for children's work in developing countries. Compulsory education might also help. 1 researcher suggests publicizing exact costs of raising a child. A survey in Hawaii found that parents uniformly underestimated the direct costs of each child. Also, couples might be most receptive to family planning during the years when economic costs are highest.
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