Children and Household Savings in the Philippines
Aniceto C. Orbeta, Jr. | March 2006
Abstract
The study estimates savings functions using data from the 2002 Annual Poverty Indicator Survey (APIS) augmented by barangay level data from the 2000 Census of Population and Housing. The estimation challenge is that given the old-age security motivation of children plus the quantity-quality hypothesis of bearing children, the number of children is endogenous to the savings equation, which could lead to biased results if ignored. The paper deals with this problem using instrumental variables estimation as proposed in Angrist and Evans (1998). The study finds that the impact of children on household savings is, on average, negative. In addition, this impact is regressive with bigger depressing effects among poorer households.
Citation
Aniceto C. Orbeta, Jr.. 2006. Children and Household Savings in the Philippines. © Asian Development Bank. http://hdl.handle.net/11540/3635. License: CC BY 3.0 IGO.Keywords
Alleviating Poverty
Anti-Poverty
Extreme Poverty
Fight Against Poverty
Global Poverty
Health Aspects Of Poverty
Indicators Of Poverty
Participatory Poverty Assessment
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http://hdl.handle.net/11540/3635Metadata
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