Inter-generational contracts, demographic transitions and the 'quantity-quality' tradeoff: parents, children and investing in the future
This paper explores why so many children remain outside the schooling system, despite the current emphasis on education as a form of human capital and as a basic human right. The value given to investments in education partly depends on the extent to which such investments fit in with the implicit inter-generational contracts between parents and children, particularly in societies where there are few alternatives to the family as sources of welfare and security in old age. When the decision to educate a child remains private, the interests of parents' security in old age will dominate over the long-term interests of the child. To explore the circumstances under which parents would be persuaded to invest in their children's education, the paper suggests a series of stylized 'transitions' in the inter-generational contract, each associated with increasing willingness on the part of parents to invest resources in their children. Copyright © 2000 John Wiley & Sons, Ltd.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 12 (2000)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Becker, Gary S & Lewis, H Gregg, 1973. "On the Interaction between the Quantity and Quality of Children," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages 279-288, Part II, .
- Geeta Gandhi Kingdon, 1997.
"Does the labour market explain lower female schooling in India?,"
LSE Research Online Documents on Economics
6715, London School of Economics and Political Science, LSE Library.
- Geeta Gandhi Kingdon, 1998. "Does the labour market explain lower female schooling in India?," Journal of Development Studies, Taylor & Francis Journals, vol. 35(1), pages 39-65.
- Geeta Gandhi Kingdon, 1997. "Does the Labour Market Explain Lower Female Schooling in India?," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 01, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Simon Appleton & John Hoddinott & John MacKinnon, 1996. "Education and health in sub-Saharan Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 8(3), pages 307-339.
- Nancy Folbre (ed.), 1996. "The Economics of the Family," Books, Edward Elgar Publishing, number 908.
- Caldwell, Pat, 1996. "Child survival: Physical vulnerability and resilience in adversity in the European past and the contemporary Third World," Social Science & Medicine, Elsevier, vol. 43(5), pages 609-619, September.
- Odaga, A. & Heneveld, W., 1995. "Girls and Schools in Sub-Saharan Africa. From Analysis to Action," Papers 298, World Bank - Technical Papers.
When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:463-482. 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: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.