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Do family choices slow down economic growth?

Author

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  • Leon Taylor

    (Marshall University)

Abstract

Econometric simulations provide no evidence that families in West Virginia encouraged sons to drop out of high school in order to earn income as coal miners, at the net expense of later income that they would have earned with more education. Estimates of the typical family's subjective rate of time preference for current income over future income earned by sons are close to zero. [JEL D13 D99 J24]

Suggested Citation

  • Leon Taylor, 2000. "Do family choices slow down economic growth?," Labor and Demography 0004001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpla:0004001
    Note: Type of Document - LaTex (Scientific Workplace); prepared on Compaq Presario; to print on HP; pages: 12; figures: 15 tables
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    More about this item

    Keywords

    coal mining intertemporal choice labor household;

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D99 - Microeconomics - - Micro-Based Behavioral Economics - - - Other
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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