Under- and over-investment in education: the role of locked-in fertility. New paper published ONLINE FIRST & OPEN ACCESS in the Journal of Population Economics by Masao Nakagawa, Asuka Oura & Yoshiaki Sugimoto.

A new paper published ONLINE FIRST freely accessible argues that, in the presence of idiosyncratic ability shocks after childbirth, irreversible fertility decisions distort the resource allocation between the quantity and quality of children.

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Under- and over-investment in education: the role of locked-in fertility

by Masao Nakagawa, Asuka Oura & Yoshiaki Sugimoto

Published ONLINE FIRST 2021: Journal of Population Economics
OPEN ACCESS and PDF.

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Author Abstract: This research argues that, in the presence of idiosyncratic ability shocks after childbirth, irreversible fertility decisions distort the resource allocation between the quantity and quality of children. In underdeveloped environments, where family size is locked into large levels, education investment places a heavy financial burden on households, which deprives some competent children of learning opportunities. In contrast, in more developed environments, family size is locked into smaller levels, which facilitates education investment even for some children with low aptitude. A redistributive policy to mitigate the distortion is proposed for each stage.

Number of submissions, 2010-2020
EiC Report 2020


Journal of Population Economics
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