Public education, endogenous fertility and economic growth

Ko Shakuno

No 319, TERG Discussion Papers from Graduate School of Economics and Management, Tohoku University

Abstract: Using a closed-economy overlapping generations model with endogenous fertility, child quality choice and human capital accumulation, this paper examine the effects of public investment in education on fertility rate and per capita output growth rate under a pay-as-you-go (PAYG) social security system. Parents face a trade-off between the quantity and quality of children. Differently from previous studies, this paper shows that there is an inverted U-shaped relation between public investment in education and fertility. Small sized public education policy stimulates fertility and impedes growth.

Pages: 21 pages
Date: 2014-05
New Economics Papers: this item is included in nep-dge, nep-gro and nep-pbe
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:toh:tergaa:319

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