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A subjective equilibrium approach to the value of children in the agricultural household.


 A subjective equilibrium model was constructed, integrating economic and demographic behavior of agricultural households, using data from a special Philippine survey. The data were collected in 1978-1979 from 590 households in Misamis Oriental, northern Mindanao Island, sponsored by FAO/UNFPA. Households were categorized into large and small farms, and owner and tenant-operated farms. The utility maximization hypothesis was tested and could not be rejected for any socioeconomic groups. The major difference was the input of child labor. The utility maximization model also revealed demands for leisure and commodities consistent with higher valuation of children in tenant and small households compared to owner and large households. The analysis of household equilibrium with demographic characteristics suggests important policy implications: that improved endowments at the bottom could trickle up to result in higher production and lower population growth.
