| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060999 | Economics Letters | 2011 | 4 Pages |
Abstract
This paper develops a theory in which households prepare for future education by adjusting the quantity of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth.
Research highlights⺠Households prepare for future education by adjusting the quantity of children. ⺠The fertility adjustment moderates the link between inequality and growth. ⺠Growth is discouraged by unexpected idiosyncratic income shocks after childbirth.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Masao Nakagawa, Yoshiaki Sugimoto,