Question

In: Economics

What are some of the factors that have influenced the decision to have smaller families as...

What are some of the factors that have influenced the decision to have smaller families as incomes rise?

Solutions

Expert Solution

The decision to have smaller families as Incomes rise are:-

  • It is proved that a family of two or fewer children provides many benefits to the parents and the children.
  • Having few children means to have a better life.

Children;-

  • Children from small family gets more attention of higher quality from their parents.
  • They get better Education.
  • Because parents hold a limited amount of Economic and Emotional resources.
  • Their quality decreases as the number of children increases.
  • Those who become parent in young age are associated with a larger family.

Size and development:-

  • Increasing family planning facilities and women's Education,
  • Decrease in population size can have greater benefits.
  • Socio Economic factors are relevant,
  • Family size has a significant impact on the attention and encouragement of children receiving at home.
  • Large families are a strategy to maximize old age income.
  • Living standards of both parents and children are reduced.
  • Community Incomes would increase if everybody has smaller families..

Cultural norms:-

  • The growing exposure given to positive experiences of children.
  • With one sibling or none , the socio Economic and Environmental factors of small families may well come to the fore too.

Gender equality:-

  • A small number of children allow women to develop personally and professionally.
  • Small family could boost women's Empowerment.
  • Children are better off Economically and professionally in terms of well being

Parents:-

  • Smaller families have benefits for parents.
  • The highest costs of raising a child were associated with Education, child care during the early years.
  • Children puts pressure on household budgets causing parents to work longer.
  • Fewer children create a manageable impact on family finances.
  • Relieving stress and psychological pressure levels.

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