Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

T. Lakshmanaswamy

Abstract

In every society children provide various utilities, economic and non-economic, to parents. within the domain of economic utility, children provide consumption, income and old age security utilities (Leibenstein, 1957). Parents are motivated to bear and rear children because they demand these utilities from children and they benefit from having children.

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