The Impact of Children on Australian Couples' Wealth Accumulation
Existing estimates of the cost of children focus on what parents spend on their children, which has limited relevance to parents’ financial capacity to meet those costs. An alternative indicator of the affordability of children, their impact upon couples’ wealth accumulation, is estimated using the...
| Main Authors: | , |
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| Format: | Journal Article |
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Wiley-Blackwell Publishing Asia
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/16540 |
| _version_ | 1848749205670068224 |
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| author | Dockery, Alfred Michael Bawa, Sherry |
| author_facet | Dockery, Alfred Michael Bawa, Sherry |
| author_sort | Dockery, Alfred Michael |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Existing estimates of the cost of children focus on what parents spend on their children, which has limited relevance to parents’ financial capacity to meet those costs. An alternative indicator of the affordability of children, their impact upon couples’ wealth accumulation, is estimated using the lifecycle model and Australian household panel data. The results suggest children have a very small impact upon wealth accumulation, seemingly at odds with the large ‘costs’ implied from expenditure-based estimates. In reconciling these highly divergent estimates we argue that the net-wealth approach is an intuitively more appealing indicator of the financial impost of children. |
| first_indexed | 2025-11-14T07:17:14Z |
| format | Journal Article |
| id | curtin-20.500.11937-16540 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:17:14Z |
| publishDate | 2015 |
| publisher | Wiley-Blackwell Publishing Asia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-165402019-02-19T05:34:54Z The Impact of Children on Australian Couples' Wealth Accumulation Dockery, Alfred Michael Bawa, Sherry child panel data household expenditure economic impact cost Existing estimates of the cost of children focus on what parents spend on their children, which has limited relevance to parents’ financial capacity to meet those costs. An alternative indicator of the affordability of children, their impact upon couples’ wealth accumulation, is estimated using the lifecycle model and Australian household panel data. The results suggest children have a very small impact upon wealth accumulation, seemingly at odds with the large ‘costs’ implied from expenditure-based estimates. In reconciling these highly divergent estimates we argue that the net-wealth approach is an intuitively more appealing indicator of the financial impost of children. 2015 Journal Article http://hdl.handle.net/20.500.11937/16540 10.1111/1475-4932.12194 Wiley-Blackwell Publishing Asia fulltext |
| spellingShingle | child panel data household expenditure economic impact cost Dockery, Alfred Michael Bawa, Sherry The Impact of Children on Australian Couples' Wealth Accumulation |
| title | The Impact of Children on Australian Couples' Wealth Accumulation |
| title_full | The Impact of Children on Australian Couples' Wealth Accumulation |
| title_fullStr | The Impact of Children on Australian Couples' Wealth Accumulation |
| title_full_unstemmed | The Impact of Children on Australian Couples' Wealth Accumulation |
| title_short | The Impact of Children on Australian Couples' Wealth Accumulation |
| title_sort | impact of children on australian couples' wealth accumulation |
| topic | child panel data household expenditure economic impact cost |
| url | http://hdl.handle.net/20.500.11937/16540 |