Why Do Children Make Decisions

Having children in industrial countries impose a positive externality to society. Decisions are made by weighting the cost and the benefit of choices. Normally, if the perceived benefit of the choice out weight the cost it is considered the correct choice. Unconsciously that is how life is lived. For example, doing elections some people vote and some people do not. People do not vote because the cost out weight the perceived benefits. The cost of voting can cause some people to lose a day’s wages. One benefit from voting would be considered the individual’s preferred candidate wining. The return of the benefit is not immediate. It may take years to gain the benefits of electing the preferred candidate. The cost of voting (losing a day’s wage / opportunity cost) can …show more content…
Similarly, bearing children is a decision that is weighted by perceived benefit and cost. The cost that goes along with bearing children is the requirement of health care. As well as, investing heavily in education. The benefits of children in industrial countries are the minimum monetary benefit. Parents receive money from the government for their children. Why? Parents have the ability to calm their children on their taxes. That is called a tax credit. The economies of scale are related to bearing children. The more children that are produced there will be a decrease in the long run average cost of each of them. Although children do not earn income for years. Helping children become successful are parent’s main goal. How that is accomplished is by sending their children to