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

Autor/inn/en	Leker, Laura; Ponthiere, Gregory
Titel	Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited
Quelle	In: Education Economics, 23 (2015) 4, S.481-513 (33 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0964-5292
DOI	10.1080/09645292.2013.869557
Schlagwörter	Human Capital; Expectation; Educational Attainment; Decision Making; Models; Parent Child Relationship; Power Structure; Death; Generational Differences; Economics; Foreign Countries; Australia; Austria; Belgium; Canada; Denmark; Finland; France; Ireland; Italy; Japan; Netherlands; New Zealand; Norway; Sweden; United Kingdom; United States + Suchen Sie Ihr Suchwort? Humankapital; Expectancy; Erwartung; Bildungsabschluss; Bildungsgut; Decision-making; Entscheidungsfindung; Analogiemodell; Parents-child relationship; Parent-child-relation; Parent-child relationship; Eltern-Kind-Beziehung; Sterbefall; Tod; Todesfall; Volkswirtschaftslehre; Ausland; Australien; Österreich; Belgien; Kanada; Dänemark; Finnland; Frankreich; Irland; Italien; Niederlande; Neuseeland; Norwegen; Schweden; Großbritannien; USA
Abstract	Following Ben-Porath [1967. "The Production of Human Capital and the Life-Cycle of Earnings." "Journal of Political Economy" 75 (3): 352-365], the influence of life expectancy on education and on human capital has attracted much attention among growth theorists. Whereas existing growth models rely on an education decision made either by the child or by his parent, we revisit the Ben-Porath effect by modelling education as the outcome of bargaining between the parent and the child. We develop a three-period overlapping generations (OLG) model, where human capital increases life expectancy and shows that as a result of the unequal remaining lifetimes faced by parents and children, the form of the Ben-Porath effect depends on how bargaining power is distributed within the family, which in turn affects long-run economic dynamics. Using data on 16 OECD countries (1940-1980), we show that introducing family bargaining helps to rationalize the observed education patterns across countries. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01