Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2012

Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited

Résumé

Following Ben-Porath (1967), the influence of life expectancy on education has attracted much attention. Whereas existing growth models rely on an education decision made either by the child or by his parent, we revisit the Ben-Porath effect when the education is the outcome of a bargaining between the parent and the child. We develop a three-period OLG model with human capital accumulation and endogenous life expectancy, and show that, as a result of the unequal life horizons faced by parents and children, the Ben-Porath effect depends on the distribution of bargaining power within the family, which in turn affects the long-run dynamics of the economy. Using data on 17 OECD countries (1940-1980), we show that the introduction of intergenerational bargaining on education helps to rationalize the observed education patterns across countries.
Fichier principal
Vignette du fichier
wp201232.pdf (345.01 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-00715104 , version 1 (06-07-2012)

Identifiants

  • HAL Id : halshs-00715104 , version 1

Citer

Laura Leker, Grégory Ponthière. Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited. 2012. ⟨halshs-00715104⟩
315 Consultations
551 Téléchargements

Partager

Gmail Facebook X LinkedIn More