Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited

Laura Leker and Gregory Ponthiere
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Laura Leker: PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Following Ben-Porath (1967), the influence of life expectancy on education has attracted much attention. Whereas existing growth models rely on an education decision made either by the child or by his parent, we revisit the Ben-Porath effect when the education is the outcome of a bargaining between the parent and the child. We develop a three-period OLG model with human capital accumulation and endogenous life expectancy, and show that, as a result of the unequal life horizons faced by parents and children, the Ben-Porath effect depends on the distribution of bargaining power within the family, which in turn affects the long-run dynamics of the economy. Using data on 17 OECD countries (1940-1980), we show that the introduction of intergenerational bargaining on education helps to rationalize the observed education patterns across countries.

Keywords: Education; OLG Model; Family Bargaining; Life Expectancy (search for similar items in EconPapers)
Date: 2012-07
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00715104v1
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Related works:
Journal Article: Education, life expectancy and family bargaining: the Ben-Porath effect revisited (2015)
Working Paper: Education, life expectancy and family bargaining: the Ben-Porath effect revisited (2015)
Working Paper: Education, life expectancy and family bargaining: the Ben-Porath effect revisited (2015)
Working Paper: Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited (2012)
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