Under- and over-investment in education: the role of locked-in fertility
Under- and over-investment in education: the role of locked-in fertility
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DOI：
10.1007/s00148-021-00823-8
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发表时间：
2021-05
影响因子：
6.1
通讯作者：
M. Nakagawa;A. Oura;Y. Sugimoto
中科院分区：
文献类型：
--
作者：
M. Nakagawa;A. Oura;Y. Sugimoto
这项研究认为，在分娩后存在特殊能力冲击的情况下，不可逆转的生育决策扭曲了儿童数量和质量之间的资源分配。在不发达的环境下，家庭规模被限制在一个大的水平，教育投入给家庭带来沉重的经济负担，从而剥夺了一些有能力的孩子的学习机会。相比之下，在较发达的环境中，家庭规模被限制在较小的水平，这有利于教育投资，甚至对一些能力较差的孩子也是如此。每个阶段都提出了减轻扭曲的再分配政策。
This research argues that, in the presence of idiosyncratic ability shocks after childbirth, irreversible fertility decisions distort the resource allocation between the quantity and quality of children. In underdeveloped environments, where family size is locked into large levels, education investment places a heavy financial burden on households, which deprives some competent children of learning opportunities. In contrast, in more developed environments, family size is locked into smaller levels, which facilitates education investment even for some children with low aptitude. A redistributive policy to mitigate the distortion is proposed for each stage.