IDEAS home Printed from https://ideas.repec.org/a/afe/journl/v5y2002i2p71-85.html
   My bibliography  Save this article

Fertility, Education, and Market Failures

Author

Listed:
  • Sylvain Dessy

    () (Departement d'economique, Universite Laval, Sainte-Foy, QC)

  • Stephane Pallage

    () (Departement des sciences economiques, Universite du Quebec a Montreal)

Abstract

We show that coordination failures may be part of an explanation for the demographic differences between rich and poor countries and their differing attitudes towards the use of child labor. Our analysis is carried out within a two-period, general equilibrium model with endogenous fertility, parental investment in children's education and firms' tradeoff between traditional technologies and the adoption of skill-intensive, modern ones. The model exhibits multiple equilibria due to the lack of a coordination mechanism between parental decisions on the quantity and the quality of children and entrepreneurs' technology choices.

Suggested Citation

  • Sylvain Dessy & Stephane Pallage, 2002. "Fertility, Education, and Market Failures," Journal of African Development, African Finance and Economic Association, vol. 5(2), pages 71-85.
  • Handle: RePEc:afe:journl:v:5:y:2002:i:2:p:71-85
    as

    Download full text from publisher

    File URL: http://www.afeawpapers.org/RePEc/afe/afe-journl/wp-content/uploads/2014/07/JAD_vol5_N2_Chp4.pdf
    Download Restriction: no

    More about this item

    Keywords

    Endogenous fertility; education; child labor; skill-biased technology; welfare; multiple equilibria; coordination;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afe:journl:v:5:y:2002:i:2:p:71-85. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Nsiah). General contact details of provider: http://edirc.repec.org/data/afeaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.