American Economic Review: Vol. 104 No. 5 (May 2014)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

AER - All Issues

AER Forthcoming Articles

All for One? Family Size and Children's Educational Distribution under Credit Constraints

Article Citation

Lafortune, Jeanne, and Soohyung Lee. 2014. "All for One? Family Size and Children's Educational Distribution under Credit Constraints." American Economic Review, 104(5): 365-69.

DOI: 10.1257/aer.104.5.365

Abstract

This paper examines the possibility that a child's years of schooling could increase in the number of siblings, instead of being diminished by competition for parents' resources: if unable to finance the education of their younger children, parents may do so through their older children's labor income. We examine this possibility in a model combining convex returns to education and credit constraints. Our model predicts correlations among family size, years of schooling and birth order, which would not exist when either of these two elements is absent. Empirical patterns shown in the United States, Mexico, and South Korea support the model predictions.

Article Full-Text Access

Full-text Article

Additional Materials

Authors

Lafortune, Jeanne (Catholic U Chile)
Lee, Soohyung (U MD)

JEL Classifications

D14: Household Saving; Personal Finance
J12: Marriage; Marital Dissolution; Family Structure; Domestic Abuse
J13: Fertility; Family Planning; Child Care; Children; Youth
O15: Economic Development: Human Resources; Human Development; Income Distribution; Migration


American Economic Review


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AER - All Issues

AER - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us