Schooling, Skill Demand, and Differential Fertility in the Process of Structural Transformation

IF 6.3 1区 经济学 Q1 ECONOMICS American Economic Journal-Macroeconomics Pub Date : 2023-10-01 DOI:10.1257/mac.20180348
T. Terry Cheung
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Abstract

Demography and structural transformation are interrelated, and depend critically on education. At the turn of the twentieth century, US parents began having fewer children while increasing educational investment per child. This quantity-quality tradeoff facilitated job reallocation from the low-skilled agricultural sector to the high-skilled nonagricultural sector. This transformation is examined in a heterogeneous agent model with a nondegenerate human capital distribution, focusing on how fertility and education decisions affect structural transformation. The result shows that the quantity-quality decisions account for up to approximately one-third of the decline in the agricultural employment share. (JEL E24, I21, I26, J11, J13, J24, N31)
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结构转型过程中的学校教育、技能需求与差异生育率
人口统计学和结构转型是相互关联的,并且严重依赖于教育。在20世纪之交,美国父母开始减少孩子的数量,同时增加每个孩子的教育投资。这种数量与质量的权衡促进了工作从低技能农业部门向高技能非农业部门的重新分配。这种转变是在一个具有非退化人力资本分布的异质代理模型中进行检验的,重点是生育和教育决策如何影响结构转变。结果表明,数量-质量决策占农业就业份额下降的约三分之一。(jel e24, i21, i26, j11, j13, j24, n31)
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来源期刊
CiteScore
8.20
自引率
1.70%
发文量
58
期刊介绍: American Economic Journal: Macroeconomics focuses on studies of aggregate fluctuations and growth, and the role of policy in that context. Such studies often borrow from and interact with research in other fields, such as monetary theory, industrial organization, finance, labor economics, political economy, public finance, international economics, and development economics. To the extent that they make a contribution to macroeconomics, papers in these fields are also welcome.
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