Fertility and the Price of Children: Evidence from Slavery and Slave Emancipation

• 成果类型: Article
• 署名作者: University of Tennessee System; University of Tennessee Knoxville
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050714000850
• 发表日期: 2014
• 页码: 1045-1071
• 关键词: traders

摘要

Theories of the demographic transition often center on the rising price of children. A model of fertility derived from household production in the antebellum United States contains both own children and slaves as inputs. Changes in slaveholdings beget changes in the marginal product of the slaveowners' own children and, hence, their price. I use panel data on slaveowning households between 1850 and 1870 to measure the slaveowners' own fertility responses to exogenous changes in slaveholdings. Results indicate a strong, negative correlation between own child prices and fertility.