IDEAS home Printed from https://ideas.repec.org/p/eve/wpaper/99-13.html
   My bibliography  Save this paper

Educating Children : a Look at Household Behaviour in Côte d’Ivoire

Author

Listed:
  • Philippe De Vreyer

    () (EPEE, University of Evry Val-d'Essonne)

  • Sylvie Lambert

    () (INRA)

  • Thierry Magnac

    () (CREST and INTRA-LEA, Ecole Normale Supérieure)

Abstract

We consider a dynamic model of investment in human capital where one decision maker (the head of the household) builds up human capital stocks of his/her children. In a stochastic framework, tradeoffs between investments in (physical) assets and investments in human capital achieved by different children within the family are modelled as resulting from risk diversification and differing opportunity costs of investments. We show how to specify the structural model as a system of simultaneous discrete choice equations so that it is estimable using panel or cross section data on children' school attendance. We estimate structural parameters using data from the cote d'Ivoire in 1985/ 1986 using standard and simulated maximum likelihood techniques. Results indicate that returns to learning by doing are much larger than returns to school at least at young ages, that the estimated intertemporal substitution elasticity is quite large and that the elasticity of substitution between financial and human capital assets is negative.

Suggested Citation

  • Philippe De Vreyer & Sylvie Lambert & Thierry Magnac, 1999. "Educating Children : a Look at Household Behaviour in Côte d’Ivoire," Documents de recherche 99-13, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  • Handle: RePEc:eve:wpaper:99-13
    as

    Download full text from publisher

    File URL: http://epee.univ-evry.fr/RePEc/1999/99-13.pdf
    Download Restriction: no

    More about this item

    Keywords

    Intertemporal choices; human capital formation; discrete simultaneous equations; simulated ML; economic development;

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

    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:eve:wpaper:99-13. 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: (Samuel Nosel). General contact details of provider: http://edirc.repec.org/data/epevrfr.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.