Are Children a Normal Good or an Inferior Good? A Critique to the Neoclassical Theory
Öz
This study analyzes the neoclassical theory on the demand for children. Neoclassical theory assumes that child demand is not different from a commodity demand. The neoclassical theory takes child demand in the utility function, like any other commodities. But, the demand for children is different from things which increase our utility; such as car, refrigerator, elevator, and other goods and services, whose price is determined in the market through its sellers and buyers. However, demand for children is determined by socio-cultural things. It is certain that there is a relationship between economic growth and child rearing. For example, economic growth raises the cost of children due the time spent on child care becoming more valuable. But it cannot be called "child demand is an inferior good".
Anahtar Kelimeler
Kaynakça
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Ayrıntılar
Birincil Dil
İngilizce
Konular
Ekonomi
Bölüm
Araştırma Makalesi
Yazarlar
Fuat Sekmen
*
0000-0002-8854-8737
Türkiye
Yayımlanma Tarihi
24 Ekim 2019
Gönderilme Tarihi
24 Ocak 2019
Kabul Tarihi
9 Eylül 2019
Yayımlandığı Sayı
Yıl 2019 Cilt: 5 Sayı: 3