Schooling, Skill Demand and Differential Fertility in the Process of Structural Transformation

T. Terry Cheung ()
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T. Terry Cheung: Institute of Economics, Academia Sinica, Taipei, Taiwan, https://www.econ.sinica.edu.tw/

No 22-A006, IEAS Working Paper : academic research from Institute of Economics, Academia Sinica, Taipei, Taiwan

Abstract: Demography and structural transformation are interrelated, and depend critically on education. At the turn of the twentieth century, U.S. parents began having fewer children while in-creasing educational investment per child. This quantity-quality tradeoff facilitated job reallocation from the low-skilled agricultural sector to the high-skilled nonagricultural sector. This transformation is examined in a heterogeneous agent model with a non-degenerate human capital distribution, focusing on how fertility and education decisions affect structural transformation. The result shows that the quantity-quality decisions account for up to approximately one-third of the decline in the agricultural employment share.

Keywords: Quantity-Quality Tradeoff; Demographic Transition; Structural Transformation (search for similar items in EconPapers)
JEL-codes: E24 J11 O11 O41 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2022-12
New Economics Papers: this item is included in nep-dem and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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