how do economic factors affect fertility rates?
In LICs children are viewed as an economic asset:
- they can work on the family farm or family workshop
- they can be sent to work in factories from an early age
- they can support their parents in old age
In NICs and HICs children are an economic liability:
- employment laws and secondary schooling mean that parents cant send their children to work but they still have to clothe, feed, and care for them.
- pensions mean that parents do not heavily rely on their children to support them in old age