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- handle: 10670/1.opguv2
- halshs: halshs-01155338
- doi: 10.1080/09645292.2013.869557
- PRODINRA: 312616
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info:eu-repo/semantics/altIdentifier/doi/10.1080/09645292.2013.869557
Mots-clés
OLG model education life expectancy family bargaining D - Microeconomics/D.D1 - Household Behavior and Family Economics/D.D1.D13 - Household Production and Intrahousehold Allocation J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J10 - General O - Economic Development, Innovation, Technological Change, and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O41 - One, Two, and Multisector Growth ModelsSujets proches
Students--Education Children--Education Education of children Schooling Pedagogy Youth--Education Instruction Education, Primitive Human resource developmentCiter ce document
Laura Leker et al., « Education, life expectancy and family bargaining: the Ben-Porath effect revisited », HAL-SHS : économie et finance, ID : 10.1080/09645292.2013.869557
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Résumé
Following Ben-Porath [1967. “The Production of Human Capital and the Life-Cycle of Earnings.” Journal of Political Economy 75 (3): 352–365], the influence of life expectancy on education and on human capital has attracted much attention among growth theorists. Whereas existing growth models rely on an education decision made either by the child or by his parent, we revisit the Ben-Porath effect by modelling education as the outcome of bargaining between the parent and the child. We develop a three-period overlapping generations (OLG) model, where human capital increases life expectancy and shows that as a result of the unequal remaining lifetimes faced by parents and children, the form of the Ben-Porath effect depends on how bargaining power is distributed within the family, which in turn affects long-run economic dynamics. Using data on 16 OECD countries (1940–1980), we show that introducing family bargaining helps to rationalize the observed education patterns across countries.