Household Risks and Household Human Capital Investment: Longitudinal Evidence from Thailand

Aeggarchat Sirisankanan ()
Additional contact information
Aeggarchat Sirisankanan: Mahasarakham University

The European Journal of Development Research, 2017, vol. 29, issue 2, No 13, 493-511

Abstract: Abstract Much of the literature on household human capital investment examines the relationship between exogenous variables, such as fundamental household characteristics, supply, and quality of school, and child enrolment. Little attention has focused on the impact of household risks on a household’s educational expenditures. Using a series of Thai household socio-economic panel surveys, and using an instrumental variable Tobit regression, this paper provides an analysis of the impact of three types of a household risks on the educational expenditures of households. Controlling for household-head, child and other members, and regional characteristics, and by using samples from the entire country and rural areas, this paper finds that income risks (which consist of transitory income shock and income uncertainty) have a significant negative effect on educational expenditure for all groups of households. The results also show that unemployment has a significant negative relationship with educational expenditure for some Thai households, especially those in urban areas, while illness has no relationship with educational expenditure in any of the sample groups.

Keywords: human capital; educational expenditures; longitudinal data; Thailand; household risks (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1057/s41287-016-0012-0 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:eurjdr:v:29:y:2017:i:2:d:10.1057_s41287-016-0012-0

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/41287/PS2

DOI: 10.1057/s41287-016-0012-0

Access Statistics for this article

The European Journal of Development Research is currently edited by Spencer Henson and Natalia Lorenzoni

More articles in The European Journal of Development Research from Palgrave Macmillan, European Association of Development Research and Training Institutes (EADI) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().