For decades, population research has been interested in the complex relationship between child mortality and fertility, with a key focus on identifying hoarding behavior (i.e., fertility response to expected aggregate child mortality). Using unique data from the Malawi Longitudinal Study of Families and Health, we investigate the impact of individual-specific subjective expectations about infant mortality on fertility behavior. We instrument the potentially endogenous infant mortality expectations with the average of parents' ratings of children's health to address the potential for omitted variable bias, such as parental preference for health. Consistent with the hoarding mechanism, we find that a 10-percentage-point increase in community-level child mortality expectations leads to a 14-percentage-point increase in the propensity to have a child in the next two years from a baseline propensity of 39%.
Delavande et al. (Fri,) studied this question.