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The Trade-off between Fertility and Education: Evidence from the Korean Development Path

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  • Jun, Bogang

Abstract

Unified Growth Theory suggests the demographic transition and the associated rise in human capital formation were critical forces in the transition from Malthusian stagnation to modern economic growth. This paper provides empirical evidence in support of this hypothesis based on the development process in Korea. Exploiting variations in fertility in human capital formation across regions in Korea over the period 1970 to 2010, the study establishes that the process of development in Korea was associated with a reduction in child quantity and increase child quality.

Suggested Citation

  • Jun, Bogang, 2013. "The Trade-off between Fertility and Education: Evidence from the Korean Development Path," MPRA Paper 43971, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:43971
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    Citations

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    Cited by:

    1. Bogang Jun & Tai-Yoo Kim, 2017. "Non-financial hurdles for human capital accumulation: landownership in Korea under Japanese rule," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 11(1), pages 63-92, January.
    2. Jeffrey G. Williamson, 2013. "Demographic Dividends Revisited," Asian Development Review, MIT Press, vol. 30(2), pages 1-25, September.
    3. Carol H. Shiue, 2017. "Human capital and fertility in Chinese clans before modern growth," Journal of Economic Growth, Springer, vol. 22(4), pages 351-396, December.
    4. Bogang Jun & Mary Kaltenberg & Won‐Sik Hwang, 2022. "How inequality hurts growth: Revisiting the Galor–Zeira model using the Korean case," Pacific Economic Review, Wiley Blackwell, vol. 27(1), pages 56-79, February.
    5. Jun, Bogang & Kaltenberg, Mary & Hwang, Won-sik, 2017. "How inequality hurts growth: Revisiting the Galor-Zeira model through a Korean case," MERIT Working Papers 2017-034, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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    More about this item

    Keywords

    Demographic transition; Quantity-quality trade-off; Unified Growth Theory;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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