![]() ![]() Secondly, the psychological value derived from having children includes companionship, love, stimulation and the extension of family name across generations. Firstly, the perceived economic costs are expected financial support by children in the parents’ old age and additional workers to contribute to contribution to the household production and income. There are many perceived economic, psychological and social benefits to having children. The numerous benefits and costs are further influenced by many factors such as the type of country one resides in, what religious norms they follow and what culture and social setting they belong to. These could be classified as economic, psychological, social and physical. There are many advantages and disadvantages of having children.
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