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Detailed Information:
| Author(s): |
Tamaro Fioroni
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| Title: |
Child mortality and fertility: public vs private education
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| Abstract: |
How does the effect of child mortality reductions on fertility and education vary across educational systems? To answer this question, we develop an overlapping-generations model where altruistic parents care about both the number and human capital of their surviving children. We find that, under a private education system, if income is low initially, the economy converges to a Malthusian stagnation steady state. For a high level of initial income, the economy reaches a growth path in which children’s education rises and fertility decreases with income. In the growth regime under private education, exogenous shocks that lower child mortality are detrimental for growth: fertility increases and education declines. In contrast, under a public education system, the stagnation steady state does not exist, and health improvement shocks are no longer detrimental for growth. We therefore offer a new rationale for the introduction of public education.
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| Published: |
J Popul Econ (2010) 23 (1): 73-97
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| Keywords: |
Child mortality - Fertility - Human capital
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| Jel: |
I20 - J13 - O40
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