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- Title
PARENTAL INTERVENTION TO CHILD'S EDUCATION AND ECONOMIC GROWTH.
- Authors
Kei Murata
- Abstract
This paper analyzes the interaction between parental intervention to child's education and economic growth pattern by extending Glomm and Ravikumar's (1992) overlapping-generations model. Glomm and Ravikumar (1992) assumed that human capital is accumulated through time allocation to education determined by individual's own, parent's endowment of human capital and expenditure on education. His production function for human capital is not influenced by the time allocation to education determined by parent. This study agrees that the time allocation to education is influenced by parent depending on Saint and Verdier (1993) and there exists parental intervention to the time allocation to child's education depending on Oshio (2002). We point out that parental intervention to child's education stimulates economic growth.
- Subjects
EDUCATION &; economics research; HUMAN capital; PARENT participation in education; PARENT-child relationships; PRODUCTION functions (Economic theory)
- Publication
Global Business & Economics Anthology, 2013, Vol 2, p141
- ISSN
1553-1392
- Publication type
Article