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Fertility and Financial Development: Evidence from U.S. Counties in the 19th Century

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NBER2014-09-01 更新2025-01-04 收录
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The old-age security hypothesis establishes that one important reason why parents have a large offspring is to ensure that they will receive financial support from them in old age. In this paper we use data on fertility and financial development in 19th century U.S. to indirectly test this theory.

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2014-09-01
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