Arbeitspapier
Why do Parents Underinvest in their Children's Education? Evidence from China
In this paper we study whether the presence of binding liquidity constraints and the existence of fixed costs can explain the underinvestment of parents in their children's human capital. We first incorporate these two potential mechanisms into the theoretical model of Raut & Tran (2005) and then we test their empirical relevance using data from the China Health and Retirement Longitudinal Study (CHARLS). Our results show that especially fixed costs play an important role in explaining human capital underinvestment.
- Sprache
-
Englisch
- Erschienen in
-
Series: GLO Discussion Paper ; No. 1027
- Klassifikation
-
Wirtschaft
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
- Thema
-
Two-Sided Altruism
Human Capital
Liquidity Constraints
Fixed Costs
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wang, Jiyuan
Alessie, Rob
Angelini, Viola
- Ereignis
-
Veröffentlichung
- (wer)
-
Global Labor Organization (GLO)
- (wo)
-
Essen
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wang, Jiyuan
- Alessie, Rob
- Angelini, Viola
- Global Labor Organization (GLO)
Entstanden
- 2022
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