English, Article, Journal or magazine article edition: Education and the dynamics of family decisions. Rebeca Echávarri

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Bookmark: http://trove.nla.gov.au/version/183412
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Education and the dynamics of family decisions.
Author
  • Rebeca Echávarri
Physical Description
  • preprint
Notes
  • This paper investigates the extent to which a biased transmission of educational endowments affects fertility. To this end, we devise a version of Becker’s family decision model that takes preference change into account. Specifically, we model education as an instrument that increases the autonomy (to prefer), and autonomy as an instrument of preference-change for household-structures. The empirical validity of the proposed model is examined for the European setting using the European Community Household Panel. In the context of the model, empirical findings imply the following. On the one hand, both preference for quantity and preference for bequest for each offspring (quality) increases with education, while preference for current consumption decreases. On the other hand, education is found to be negatively correlated with fertility, at a decreasing rate. Therefore, the paper provides a useful additional toolkit for public policy evaluation. It explains how public policies oriented toward the guarantee of personal freedoms, such as the expansion of education and autonomy, are likely to guarantee the same freedoms for subsequent generations.
  • Intergenerational Transmission; Household Behavior; Education; Autonomy.
  • RePEc:ehu:dfaeii:200901
Language
  • English
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