| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP11232
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| DP11232 The Child Quality-Quantity Tradeoff, England, 1780-1880: A Fundamental Component of the Economic Theory of Growth is Missing |
| Gregory Clark; Neil Cummins
|
| 发表日期 | 2016-04-15
|
| 出版年 | 2016
|
| 语种 | 英语
|
| 摘要 | In recent theorizing, modern economic growth was created by substituting child quality for quantity. However evidence for any substantial tradeoff of child quality for quantity is minimal. In England the Industrial Revolution occurred in a period of substantial human capital investment, but no fertility control, huge random variation in family sizes, and uncorrelated family size and parent quality. Yet family size variation had minor effects on educational attainment, occupational status, and child health, for both prosperous and poor families. More children did substantially reduce wealth at death, but only for rich families with inherited wealth. In families with no parental wealth, wealth at death was unaffected by family size. Even for richer families the wealth effect substantially diminishes by the grandchild generation. There is no significant quality-quantity tradeoff in human capital even well into the modern growth era. Growth theory must proceed in other directions. |
| 主题 | Economic History
|
| 关键词 | Quality-quantity tradeoff
Economic growth
Human capital
Growth theory
|
| URL | https://cepr.org/publications/dp11232-0
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540050
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推荐引用方式
GB/T 7714 |
Gregory Clark,Neil Cummins. DP11232 The Child Quality-Quantity Tradeoff, England, 1780-1880: A Fundamental Component of the Economic Theory of Growth is Missing. 2016.
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