Do family choices slow down economic growth?
Leon Taylor ()
Labor and Demography from University Library of Munich, Germany
Econometric simulations provide no evidence that families in West Virginia encouraged sons to drop out of high school in order to earn income as coal miners, at the net expense of later income that they would have earned with more education. Estimates of the typical family's subjective rate of time preference for current income over future income earned by sons are close to zero. [JEL D13 D99 J24]
Keywords: coal; mining; intertemporal; choice; labor; household (search for similar items in EconPapers)
JEL-codes: D13 D99 J24 (search for similar items in EconPapers)
Pages: 12 pages
Note: Type of Document - LaTex (Scientific Workplace); prepared on Compaq Presario; to print on HP; pages: 12; figures: 15 tables
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpla:0004001
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