Income Risks, Gender, and Human Capital Investment in a Developing Country

Yasuyuki Sawada

No CIRJE-F-198, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: This paper investigates the role of permanent and transitory incomes in educational investments using household panel data from Pakistan. The empirical results indicate that transient poverty is a serious obstacle to human capital investment. Our analysis also points out that schooling response to an income shock is consistently larger for daughters than sons and that there may exist resource competition among siblings. Human capital investment and intrahousehold schooling allocation decisions seem to be affected by a need for self-insurance devices under binding credit constraints. As a by-product, our empirical results are in favor of the investment model of education against the consumption model.

Pages: 40 pages
Date: 2003-02
New Economics Papers: this item is included in nep-afr and nep-dev
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2003cf198

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