A Theory of Child Adoption # 342
نویسندگان
چکیده
Women can bear own children or adopt them. Extending economic theories of fertility, we provide a fi rst theoretical treatment of the demand for adoption. We show that the propensity to adopt a child increases in the degree of own altruism, infertility, relatedness to the child, costs of own child birth, and any adoption-specifi c monetary return that is received net of the costs of adopting the child. Our model makes several testable predictions which receive empirical support. These include a higher propensity to adopt among infertile adults, relatives, women with high earnings potential, and celebrities. JEL Classifi cation: J12, J13, D02
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