This paper argues that currently advanced, aging economies experienced a qualitative change in the role of public education during the process of industrialization. In the early phases of the Industrial Revolution, public education was regarded as a duty that regulated child labor and thereby discouraged childbirth. As these economies developed and the population aged, younger generations came to view public education as a right, whereas older generations desirous of other public services became more politically in.uential. The eventual policy bias in favor of the elderly placed a heavier education burden on the young, inducing them to have fewer children. This vicious cycle between population aging and the undersupply of public education may have decelerated the growth of advanced economies in the last few decades.
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Paper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number
0700.
For technical questions regarding this item, or to correct its listing, contact: (Fumiko Matsumoto).
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Simon Kuznets & Richard E. Quandt & Milton Friedman, 1960.
"Population Change and Aggregate Output,"
NBER Chapters,
in: Demographic and Economic Change in Developed Countries, pages 340-367
National Bureau of Economic Research, Inc.
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